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Crypto Potato 2025-02-14 09:55:04

Binance Coin (BNB) Price Predictions for This Week

BNB surprised the market with a quick reversal. Key Support levels: $600 Key Resistance levels: $700 1. Massive Bounce off Key Support After BNB touch $500 for a brief moment in early February, the price shot up to $700 in less than 10 days. This reversal was abrupt and significant, confirming that the support at $600 is well defended by buyers. At the time of this post, BNB is under the key resistance at $700. Chart by Tradingview 2. Sellers are Defending the $700 Resistance As soon as the price moved above $700, sellers came in strong to push the price under this key level. After an impressive performance, BNB could not break this level which continues to act as a key resistance at the time of this post. Nevertheless, buyers could attempt another breakout later. Chart by Tradingview 3. Sustained Buy Volume Meets Sellers Prior to BNB reaching $700, the buy volume was sustained and increased gradually. However, as soon as the price moved above $700 sellers dominated with the highest daily volume recorded so far in 2025. This has put a pause to the rally, and for it to continue, buyers need to turn $700 into a key support. Chart by Tradingview The post Binance Coin (BNB) Price Predictions for This Week appeared first on CryptoPotato .

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