Binance Coin (BNB) Technical Analysis on July 4, 2025: Market Outlook

Technical analysis of BNB on July 4, 2025, covering resistance, support, and market indicators.

The technical analysis of Binance Coin (BNB) on July 4, 2025, indicates a potential bullish trend tempered with caution. BNB is currently trading around $676, up approximately 4% over the past 24 hours. This upward movement reflects renewed buyer interest, particularly following the recent Binance network upgrade, which has bolstered investor confidence. Chart data shows BNB moving within an ascending channel on the daily timeframe, a structure that has been in place for several months. The RSI on the 4-hour timeframe stands at 58, suggesting moderate bullish momentum. The MACD also shows a bullish crossover, which could signal continued upward movement. However, a slight decline in trading volume compared to peak periods indicates trader caution. Key resistance zones are located between $710 and $730, levels that have previously capped price advances. A breakout above this zone could activate a price target of $800, especially if trading volume increases. Conversely, major support zones lie between $645 and $650, with an additional strong support at $620, which could prevent further declines in case of a correction. Price action analysis indicates BNB is forming a bullish flag pattern on the 4-hour timeframe, which typically precedes a strong upward move. A breakout above $730 could confirm the $800 target, while a breakdown may push prices toward $620. Trading volume over the past 24 hours is $1.8 billion, reflecting decent market activity. From a market sentiment perspective, the recent Binance network upgrade, dubbed 'Maxwell,' has positively impacted investor confidence. This, combined with increased whale activity on the Binance Smart Chain, could act as a catalyst for a resistance breakout. However, a bearish divergence on the RSI in the daily timeframe warns of potential correction risks. The short-term outlook for BNB is bullish, but holding the $645 support and breaking the $730 resistance are critical for sustaining this trend. Traders should closely monitor key levels and indicator signals to avoid being caught off-guard by sudden market shifts. Risk management and setting appropriate stop-loss levels are essential in this volatile market.