Binance Coin Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of Binance Coin on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of Binance Coin (BNB) on June 10, 2025, reveals a market with high volatility potential, influenced by broader cryptocurrency market dynamics. Currently, BNB is trading around $663, reflecting a 2.02% increase from the previous day. However, signs of a short-term price correction are emerging, prompting traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for BNB lies between $693 and $700. This level has recently acted as a strong price ceiling, halting upward momentum. A breakout above this zone could drive BNB toward $732 or even $800. On the downside, the primary support zone is between $647 and $650, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $612. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 62.807, indicating relatively balanced conditions but nearing overbought territory. This suggests a potential short-term price correction. The 50-day moving average (MA50) is around $655, while the 200-day moving average (MA200) is near $611. The price is currently above both moving averages, supporting a mid-term bullish outlook. The MACD, with a value of -6.290, shows a weak sell signal, but diminishing bearish momentum could soon lead to a buy signal. **Price Pattern Analysis** On the daily timeframe, BNB is forming a Cup and Handle pattern, typically a sign of trend continuation. However, the price is currently in the handle portion of this pattern, requiring a breakout above the $693 resistance to confirm it. On the 4-hour timeframe, the price is moving within an ascending channel and is near the lower trendline. This could signal a bullish reversal if the $650 support holds. A recent decline in trading volume also indicates a slowdown in market momentum. **Market Outlook and Recommendations** Based on current data, BNB may experience a short-term correction toward $647 to $650, which could present a buying opportunity at lower levels. Traders should closely monitor the $693 resistance, as a breakout could trigger a strong bullish rally toward $732 or higher. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, BNB retains strong bullish potential, with the possibility of reaching levels like $1,000, supported by market structure, potential spot BNB ETF approvals, and growing adoption of the Binance Smart Chain. Fundamental factors, such as high trading volume on the Binance exchange, further bolster this outlook.