Binance Coin Technical Analysis: Price Trend Forecast for June 8, 2025

Technical analysis of BNB on June 8, 2025, exploring resistance, support, and indicators.

As of June 8, 2025, Binance Coin (BNB) is trading around $830, with a 1.5% increase over the past 24 hours. Technical analysis suggests a continuation of the short-term bullish trend, likely driven by growing demand within the Binance ecosystem and positive momentum. This analysis explores BNB’s resistance and support levels, key indicators, and potential price trends. **Resistance and Support Zones** BNB is currently trading near a key resistance zone between $850 and $880. This level has historically acted as a strong barrier due to significant sell orders. A breakout above this resistance could push prices toward $920 or even the all-time high of $950. On the downside, key support levels are at $780, $750, and $720. The $780 level is a critical near-term support, and holding above it signals strength in the bullish trend. A break below this support could lead to a correction toward $750. **Indicator Analysis** The Relative Strength Index (RSI) on the daily timeframe is at 67, indicating bullish momentum but approaching overbought territory, which could signal a potential correction. The MACD indicator on the daily chart shows a bullish crossover, suggesting continued buying strength. On the weekly timeframe, BNB is trading above both the 50-day and 200-day EMAs, confirming the long-term bullish trend. **Price Pattern Analysis** In the 4-hour timeframe, BNB is forming a bullish flag pattern, typically considered a continuation pattern for an uptrend. The price is nearing the upper trendline of this pattern, and a valid breakout could trigger a strong bullish move. Failure to break the $850 resistance may result in a pullback toward the $780 support. Trading volume is increasing, indicating growing buyer interest at these price levels. **Conclusion and Outlook** Based on current market conditions, BNB is likely to continue its short-term bullish trend, potentially testing the $850 to $880 resistance zone. However, traders should monitor the RSI’s proximity to overbought levels, as it may lead to a short-term correction. Holding the $780 support is crucial for sustaining the bullish trend. In the long term, fundamentals such as the expansion of the Binance ecosystem, increased BNB usage in payments, and token burn programs continue to support a bullish outlook. **Key Considerations for Traders** Short-term traders may consider entering long positions on a breakout above $850, with stop-losses placed below the $780 support. For long-term investors, maintaining key support levels signals a continuation of the bullish trend. Monitoring trading volume and price reactions at key levels is essential at this stage.