Binance Coin Technical Analysis: Market Trends in 11 of June 2025

Technical analysis of Binance Coin on June 11, 2025, evaluates key support/resistance levels and indicators to forecast market trends.

As of June 11, 2025, Binance Coin (BNB) is trading at approximately $668.8, consolidating after peaking at $725 in February 2025. BNB’s central role in the Binance ecosystem, including its decentralized exchange and blockchain applications, makes it a focal point for technical analysts. Technical analysis indicates a long-term bullish structure, supported by an ascending channel in monthly timeframes. In the short term, the price is oscillating within a consolidation range between $643 and $684. The key resistance zone lies between $670 and $684, where recent selling pressure has been observed. A breakout above this level could drive the price toward $732 or even $800. Key support levels are found between $612 and $643, aligned with fair value gaps (FVG) in the 4-hour timeframe. This zone has previously acted as strong demand and could prevent further declines. Should this support fail, the next level is around $595. The Relative Strength Index (RSI) on the daily chart is at 48, indicating neutral conditions. However, Bollinger Bands show price compression, with the current price near the midline (20-day moving average), suggesting a lack of strong momentum. The 50-day and 200-day moving averages (MA50 and MA200) are converging, with MA50 acting as dynamic support around $650. An ascending triangle pattern is visible on the daily timeframe, signaling a potential continuation of the uptrend if the $684 resistance is breached. Declining trading volume in this consolidation range suggests the market is awaiting a catalyst. Traders should monitor for a volume spike to confirm a breakout. In Elliott Wave analysis, BNB may be completing a corrective wave, with the next bullish wave potentially pushing prices toward $800–$1,000. Developments in the Binance ecosystem and increased adoption could serve as bullish catalysts. However, the crypto market is heavily influenced by external factors like monetary policies and geopolitical news. Overall, BNB may face a short-term correction toward $612, but its medium- to long-term outlook remains bullish. Traders should closely monitor key levels and indicators for precise decision-making.