Binance Coin’s Price Surge Faces Critical Test at $585: Will It Break Through or Crash?

Binance Coin is in recovery mode after defending support near $572. Recent momentum has pushed the BNB price above $572, with bulls aiming to reclaim the $600 level. However, resistance looms between $585, and any failure to clear this range could trigger a fresh sell-off. Market sentiment remains cautiously optimistic, fueled by Bitcoin’s recent bounce and improved trading volume in DeFi coins. The path forward may rely on buyers holding support near $560. A breakout above $600 could open the gates to $620. But if bulls fail here, the price risks dropping back to $550 or even $534.

Will BNB Price Hold Strong for a Multi-Week Rally?

BNB/USDT has signaled a strong recovery trajectory after bottoming out near $566.20, reflecting growing long-term confidence in Binance Coin. This rebound mirrors broader optimism across the crypto landscape. Since reclaiming levels above $550 and $570, BNB has been steadily building upward momentum. The recent golden cross on the MACD hints at a shift in the broader trend, not just short-term volatility. While the $585–$588 zone still poses a key resistance area, a decisive breakout above it could pave the way toward $600 and, in the longer term, even $620 or beyond. Such a move would reflect a structural bullish shift and might attract more institutional interest.

On the flip side, sustained rejection from this level could lead to a healthy correction toward $572 or $560, both of which now act as strategic accumulation zones. As long as bulls defend the $560 mark, the broader trend remains constructive. According to BNB prediction models, flipping $585 into long-term support would set the foundation for a multi-week rally. With RSI steadily rising and on-chain metrics improving, Binance may be poised for a breakout cycle, provided market sentiment stays favorable.

Binance Price Analysis of April 11

The trading day of April 10th started with bearish momentum, pushing BNB into a corrective phase. An oversold signal on the RSI at 3:15 UTC led the price to find solid support at $572.10. Buyers cautiously re-entered the market, sparking a mild recovery. However, the momentum remained unstable, and by 15:35 UTC, another oversold RSI condition caused a breakdown below the support level. Despite this, the move turned out to be a classic fakeout. Shortly after, a golden cross appeared on the MACD at 16:30 UTC, reviving bullish momentum. The price quickly rebounded, climbing back into its previous trading range. This confirmed that buyers were not ready to give up control. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 11, 2025

The upward trend continued with higher lows forming, suggesting a strengthening trend. As April 11th began, the RSI touched overbought levels, but buyers continued to push the price upward. The consistent upward slope and tighter trading range indicate accumulation by bulls. The MACD supports this with increasing histogram bars. According to Binance Coin (BNB) price prediction, if the bullish momentum continues, it could break the resistance of $585.99 and aim for $600. Alternatively, if the trend reverses, it could break the current support of $572.10 and potentially reach below $560.

BNB Prediction: Short-Term Hurdles, Long-Term Hopes

Despite short-term resistance near $585, Binance Coin remains resilient above key supports like $572 and $565. The BNB price must flip $585 into support to validate a breakout toward $600. Long-term BNB prediction suggests that sustained momentum and volume could fuel a rally to $620 or beyond.