BNB Price Analysis (Weekly): BNB Recovers From $506 to $614, Can BNB Sustain Its Recovery?

Are you tracking the BNB price trend and wondering if the bullish momentum could be sustained in BNB? Then you are at the right place. As we go through BNB price analysis, we will explore different patterns and how BNB reacted to them. We also explore RSI and MACD in relation to the BNB price trend. As BNB shows full momentum, we will also explore possible support and resistance levels. Without any further delay, let’s dive into BNB price analysis and determine where BNB price today might trade.

BNB Price Analysis of the Last Week

An upward-moving channel appeared in the price of BNB, which broke out to the downside at 22:00 UTC on 8th March and formed a spike and downward-moving channel, supported by a death cross of MACD. The downward-moving channel tried to break out to the upside at 05:30 UTC on 9th March, but the upside breakout failed, and the price formed a spike and downward-moving channel. 

Chart 1: Analysed by vallijat007, published on TradingView, March 15, 2025

From 01:30 UTC on 9th March to 19:00 UTC on 9th March, RSI dropped below the level of 30, indicating an oversold market condition. The downward-moving channel again tried to break out to the upside at 20:00 UTC on 9th March, supported by a golden cross, but the upside breakout developed into a moving channel. The upward-moving channel broke out to the downside at 13:30 UTC on 10th March, supported by a death cross. 

BNB Price Maintains Momentum Within an Upward Channel

The downside breakout formed a spike and an expanding triangle pattern. The expanding triangle pattern marked the low of the week at $506. After marking the low of the week, the price spiked to the upside and formed a converging triangle. A death cross appeared in MACD at 12:00 UTC on 11th March, supporting the formation of the converging triangle. The converging triangle broke out to the upside at 07:00 UTC on 12th March, supported by a golden cross of MACD. The price moved to the upside and formed another converging triangle. 

The converging triangle tried to break out to the downside, but the downside breakout failed, and the price spiked to the upside, marking the high of the week at $614. After marking the high, the price spiked to the downside and formed an upward-moving channel. Currently, the BNB price today is travelling inside the channel. If the channel breaks out to the upside, it may break the high of the week. If the downside breakout succeeds, bearish momentum could be seen in the price of BNB.

BNB Shows Strength Despite Crypto Market Consolidation

While the whole crypto market is consolidating, BNB shows strong bullish momentum. This indicates the conviction of buyers and their sentiment in relation to BNB. If Bitcoin shows some bullishness in the coming sessions, then BNB might mark another high. But if Bitcoin suffers from bearish pressure, then this may also be reflected in the price of BNB, and BNB might hold its upward momentum for a while before resuming its uptrend. Traders and investors are encouraged to take a look at the BNB price chart by themselves, as the crypto market is subject to potential risk.