BNB Price Analysis of March 6, 2025: Can BNB Sustain Above the $606 Resistance Level?

BNB has shown steady growth after a period of fluctuations, gaining bullish momentum. The latest BNB price analysis suggests that BNB is moving in an upward trend, testing key resistance levels. However, the BNB price today struggles to sustain its gains, creating uncertainty in the market. Traders are watching closely to see if BNB can break through or face a pullback. According to the latest BNB price prediction, maintaining support and overcoming resistance will be key to further gains. With volatility still present, the next few hours could play a crucial role in shaping BNB’s price action.

BNB Price Analysis of March 5

The trading day for BNB started with a slight downward move, where the price found strong support at $580.57. Shortly after, a golden cross appeared on the MACD line at 1:05 UTC, signaling the start of an upward trend. The price gained momentum, leading to RSI overbought conditions at 8:30 UTC and 9:30 UTC before facing resistance at $606.06. At 9:45 UTC, a death cross on the MACD line triggered a downward trend, leading to fluctuations in price movement. An oversold situation appeared at 14:35 UTC on the RSI, indicating a potential reversal. At 16:45 UTC, a golden cross formed, pushing the price into an upward trajectory, with BNB continuing to move in an upward trend.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 6, 2025

BNB on March 6: Bulls Struggle at $612.90 

The trading day on March 6 started within a moderate trading range. At 1:30 UTC, a golden cross appeared, accompanied by an overbought at 1:45 UTC, pushing the price upward. The price fluctuated within the range before another golden cross at 4:00 UTC, which led to further upward movement. By 5:00 UTC, an overbought situation helped the price break resistance, hinting at a potential breakout. Overbought conditions at 5:40 UTC and 5:55 UTC pushed the price higher, reaching a 24-hour peak of $612.90.

However, at 6:10 UTC, a death cross initiated a downward trend, pulling the price back into the previous trading range. The anticipated breakout turned out to be a fakeout, as the price failed to sustain above resistance and retraced. A golden cross on the MACD line at 10:05 UTC signaled another upward move, hinting at renewed bullish momentum. The price fluctuated with volatility, leaving traders to watch for confirmation of the next trend direction.

BNB Price Prediction

In the past 24 hours, BNB price analysis shows BNB experiencing fluctuations, moving through both upward and downward channels. A potential breakout was observed, but the price struggled to hold above key levels. If BNB’s price today continues its upward channel, it could possibly break the resistance at $606.06. Alternatively, if bearish pressure takes over, the price may retrace toward the support level at $580.57. According to the latest Binance price prediction, maintaining momentum will be crucial for determining the next move.