Technical Analysis of Binance Coin: Market Outlook on June 29, 2025

Technical analysis of BNB on June 29, 2025, focusing on support/resistance and key indicators.

As of June 29, 2025, Binance Coin (BNB) is in a short-term bullish trend, with technical analysis indicating potential for continued upward movement but possible consolidation at resistance levels. The current price hovers around $691, near a key resistance zone between $704 and $710. This zone has historically acted as a price ceiling, and recent price action shows selling pressure at this level, suggesting potential consolidation or a temporary pullback. On the four-hour chart, BNB has recently broken out of an ascending channel and is forming a bullish flag pattern, which could signal a continuation of the upward trend. A critical support zone lies around $644, which has previously shown strong demand. If this level breaks, the next support is at $630, aligning with the 0.382 Fibonacci retracement level. The Relative Strength Index (RSI) is currently at 62, indicating bullish momentum but approaching overbought territory, which may suggest a temporary slowdown in upward momentum. The 200-day Moving Average (MA200) at approximately $645 serves as strong dynamic support. Maintaining the price above this level reflects buyer strength, but a break below could increase selling pressure. From a price pattern perspective, BNB is forming a bullish flag, which typically leads to a strong upward move. However, given the proximity to the $710 resistance, a consolidation or minor pullback to $680 is possible before a bullish breakout. Fundamental factors, such as news related to the Binance exchange, including service expansions or new regulations, also influence BNB’s price and have recently drawn significant attention. For traders, the optimal strategy is to wait for confirmation of a breakout above the $710 resistance or a pullback to the $644 support. Setting stop-loss orders below $644 for long trades or above $710 for short trades is advisable. Risk management is critical in this volatile market, as BNB is prone to sudden price movements due to its close ties to the Binance exchange. Overall, the current outlook suggests BNB may test higher resistance levels in the short term, but consolidation around $704–$710 is likely. Holding above the MA200 could indicate continued bullish potential in the mid-term. Traders should closely monitor the market and avoid impulsive decisions.