BNB Analysis on May 28, 2025: Will the Bullish Rally Continue?

BNB analysis on May 28, 2025: Price at $687, with potential to hit $750.

On May 28, 2025, Binance Coin (BNB) traded at around $687, showing signs of a short-term bullish rally. Its daily trading volume reached approximately $1 billion, reflecting significant investor activity. This growth has been driven by increased Binance Chain activity and positive crypto market sentiment. Recent reports indicate that Binance Chain saw a 73% surge in daily active addresses, rising from 1.19 million to 2.06 million over the past month. This growth highlights increased usage of the Binance ecosystem, including its decentralized exchange (DEX) and DeFi applications. The DEX daily trading volume recently hit $11.8 billion, the highest in 2025. From a technical perspective, BNB is within a symmetrical ascending triangle pattern, testing key resistance at $693. Analysts suggest that breaking this level could push BNB toward $750. However, a drop below the $682 support could lead to a decline to $633. Technical indicators, such as the 50-day and 200-day moving averages, remain bullish, confirming BNB’s long-term strength. Growing institutional adoption has also bolstered BNB’s upward trend. Binance’s introduction of new tools, like one-second charts and zero-fee withdrawals for the USD1 stablecoin, continues to attract new users. These initiatives have strengthened the Binance ecosystem and boosted investor confidence. However, macroeconomic risks, such as trade tensions and tighter monetary policies, could negatively impact the market. Decreasing volume volatility suggests energy buildup for a potential breakout, though the direction remains uncertain. Investors should monitor macroeconomic developments and technical patterns closely. Overall, BNB is well-positioned due to the Binance ecosystem’s growth and increased chain activity, but caution is warranted due to market volatility. Proper risk management and close market monitoring can help investors capitalize on opportunities.