BNB Price Analysis of March 13, 2025: BNB Surges from $545 to $582, Will the Bullish Momentum Continue?

Are you tracking the BNB price trend and surprised by its uptrend while the whole crypto market is consolidating? Then you are at the right place. As we go through this analysis, we explore different patterns and how the BNB price today reacted to them. We also examine the buying climax that happened yesterday in BNB and determine the critical support and resistance levels for the BNB price today. Without any further delay, let’s dive into BNB price analysis and determine what might be BNB’s price in the coming sessions.

BNB Price Analysis of the Last 24 Hours

At 04:50 UTC, the price broke out from a downward-moving channel to the upside, supported by a golden cross in MACD. The price spiked to the upside and formed an upward-moving channel. At 05:30 UTC, RSI moved above the level of 70, indicating an overbought market condition, suggesting a reversal or pullback. A converging triangle appeared in the price, which attempted to break out to the upside at 12:25 UTC, but the upside breakout failed. 

Chart 1: Analysed by vallijat007, published on TradingView, March 13, 2025

According to BNB price analysis, the converging triangle then attempted to break out to the downside at 13:20 UTC, supported by a death cross in MACD. The price spiked to the downside and formed a minor converging triangle. The minor converging triangle broke out to the upside at 14:30 UTC, but the breakout candle was 3%, whereas the minor converging triangle had an average movement size of 0.3%. The upside breakout was 10 times greater than the pattern, which caused a buying climax in the price. The price suddenly reversed to the downside, forming a support level of $550.

BNB Price Faces Resistance at $582: Will the Uptrend Hold or Turn into a Range Market?

From the $550 level, the price again spiked to the upside at 16:00 UTC, supported by a golden cross and a spike followed by an upward-moving channel. The upward-moving channel broke out to the downside at 17:40 UTC, but it was only a pullback, and the price again formed an upward-moving channel. An expanding triangle pattern became visible in the price, which attempted to break out to the upside at 03:15 UTC and formed a spike and an expanding triangle pattern. 

This expanding triangle pattern marked the high of the day at $582 and broke out to the downside at 05:15 UTC. If the breakout failed, the price might mark another high of the day, and if the breakout succeeded, it might drop back to the support level of $567, converting the uptrend into a range market. From 01:55 UTC to 04:20 UTC, RSI remained above the level of 70, indicating an overbought market condition. At 04:20 UTC, a death cross appeared in MACD, suggesting a reversal or at least a pullback in the price.

BNB Uptrend Holds Strong Amid Crypto Market Consolidation

BNB is in a clear uptrend while the entire crypto market is consolidating. It has already formed a strong trend. If Bitcoin breaks out to the upside, then BNB might continue trending strongly. However, if Bitcoin breaks to the downside, then BNB’s uptrend might take some hit. For BNB, which is currently at a critical place on the trendline in the higher timeframe, the next session will be quite important. It is recommended that traders and investors do their own independent study of the BNB price trend due to the potential risk involved in the cryptocurrency market.