BNB Price Resists Market Downturn: Can Binance Coin Break $610.59 and Aim for $720 Next?

Binance Coin has shown resilience despite the crypto market volatility. While Bitcoin and Ethereum have struggled, BNB has maintained a strong position. Analysts suggest BNB’s utility within the Binance ecosystem is a major factor in its stability. If this trend continues, BNB Price could reclaim its all-time high. The growing trading volume and increased activity on the BNB Chain further support a bullish outlook. However, regulatory concerns remain a challenge for the asset.

Binance Eyes Long-Term Growth

Despite the crypto market downturn, Binance Coin has held its ground. While major cryptos saw new lows after recent sell-offs, the BNB Price remained stable. BNB traded at $594.99, reflecting a slight decline. However, its trading volume increased by 28.03% to $2.22 billio,n showing sustained investor interest. A key catalyst for Binance’s recent performance is the April 1st filing by asset manager VanEck for a BNB ETF. This development has given BNB a strong start to the month. Furthermore, BNB Chain has experienced a surge in Total Value Locked (TVL), increased decentralized finance (DeFi) activity, and growing daily active users.

Market analysts predict Binance Coin’s decoupling from Bitcoin and Ethereum, which have struggled in the current market conditions. Binance controls 44% of global crypto trading volume, providing a strong foundation for BNB growth. If the asset maintains support above $600 analysts predict a potential climb to $720. However, regulatory uncertainties could impact its long-term trajectory. While projections suggest BNB could reach $700 by the end of 2025. Investors should closely monitor developments in the Binance ecosystem.

BNB Reach the $610.59 Resistance in the Short Term

The trading day of April 3rd started with an upward trend. Buyers pushed the price higher, triggering overbought conditions on the RSI at 1:45 UTC and 2:35 UTC.  The price met strong resistance at $610.59, where sellers gained control. Shortly after, a death cross appeared on the MACD at 2:55 UTC, leading to a downward fluctuation. However, bullish momentum returned at 5:20 UTC with another overbought situation, temporarily pushing the price up. At 6:05 UTC, a death cross signaled renewed selling pressure, initiating a bearish trend. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 4, 2025

As illustrated in Chart 1, Bears dominated, causing continuous oversold conditions at 7:40 UTC, 8:30 UTC, 11:00 UTC, and finally at 12:45 UTC, when the price found support at $578.45. A golden cross on the MACD at 15:05 UTC shifted momentum, sparking a steady recovery. As April 4th began, the price continued its upward trajectory. Buyers fueled an overbought situation at 5:05 UTC, followed by additional overbought signals at 5:40 UTC and 6:05 UTC, maintaining bullish momentum. According to BNB price predictions, if this trend continues, the price could break the $610.59 resistance. If bearish pressure builds, the price may test support at $578.45.

Future Outlook for Binance Coin

Binance Coin remains strong despite the volatile crypto market. Its utility within the Binance ecosystem supports long-term growth. Analysts predict the BNB price will reach $700 by 2025 if momentum continues. In the short term, if the upward trend holds, BNB may break the $610.59 resistance. However, if the trend reverses, it could test the $578.45 support level. Investors should watch market trends closely.