- BNB is retesting its $630–$640 breakout zone after a clean surge, with strong volume holding near 11.86K BNB on the move.
- The technical structure shows BNB broke a 6-month channel, with price now supported by a rising trendline from $501.48.
- Momentum stays intact above $650, and a confirmed hold here could open the path to $700 and resistance near $731.14.
Binance Coin (BNB) is retesting a critical breakout zone between $630 and $640 after surging past resistance. The token’s price action signals renewed momentum following months of sideways consolidation and recent confirmation of trend strength.
Breakout and Structural Support at $630
BNB recently exited a six-month consolidation by breaking above the $630 level, confirming a significant shift in trend behavior. Since late March, the price has hovered between $605 and $635 before surging beyond the zone in early May. The breakout has redefined this area as key support, now under active retest.
Source: BATMAN
Following the move, a strong uptrend structure emerged with minimal retracement. Batman, a technical analyst, provided additional insights on this pattern. He noted the asset pushed above the $630 resistance with conviction and is now testing the level as support.
According to Batman, this clean retest could reinforce a bullish continuation toward the $700 level. He highlighted that volume remained steady near 11.86K BNB, aligning with previous breakout trends. His chart analysis identified a yellow arrow projecting upward momentum from $635, signaling bullish validation.
He also emphasized the strength of the demand zone between $605 and $635, active since mid-January. If BNB holds above $635, the structure remains intact. A breakdown below this level, however, may push the token toward the $545–$585 support zone again.
Jeremy Tracks Channel Breakout Momentum
Jeremy has presented a comparative analysis of BNB’s channel breakout, offering a broader view on structural patterns. His findings align with recent bullish moves but introduce added technical context from the longer-term chart setup.
Source: Jeremy
He charted a descending channel that spanned from $750 to $500 and confirmed BNB’s exit above this channel. According to Jeremy, the breakout occurred as the price surpassed a gray supply zone between $620 and $650. The move invalidated the descending structure established since December 2024.
Jeremy also marked swing lows from February, March, and April that all formed above a rising trendline from $501.48. This trendline remains intact, supporting the bullish bias. He added that $731.14 now acts as the next resistance level, followed by stronger resistance near $749.00.
Despite intraday pullbacks, the price remains above the breakout zone near $650. The level now acts as immediate structural support. This positioning confirms trend continuity unless the price falls back below the recent range.
