BNB Sustains Above $600 After Recent Pullback – Will Major Move Follow?

As of April 28, 2025, Binance Coin (BNB) continues to show its strength by maintaining its position above $600 after a short-term pullback. This steady movement has captured many market participants, fueling speculation about its next move. As a leading crypto asset, Binance Coin usually acts as a barometer for market sentiment. Hence, analysts predict that BNB is building momentum to exhibit a bullish rally. 

Here’s the detailed BNB price analysis for the last 24 hours to understand its market momentum. 

BNB Retreats to $597 – April 27, 2025

On April 27, 2025, BNB trading day exhibited notable price action. During the early trading session, BNB began with a short-term rise. But at 00:20 UTC, BNB resisted at $608 and began to experience a sharp fall. At 01:00 UTC, BNB broke the support at $606, breached a breakout, and dropped to $600. Considerably, at 01:40 UTC, BNB encountered an RSI Oversold condition, hinting at a potential trend reversal. Likely, at 02:05 UTC, BNB found support at $600 and began to move up. A Golden Cross on MACD at 02:15 UTC confirmed this uptrend. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, April 28, 2025

Substantially, at 03:45 UTC, a pin bar, followed by a full-body red candle, signaled a downtrend. As expected, BNB resisted at $602 and began to experience a sharp decline. A Death Cross on MACD at 04:10 UTC affirmed this downtrend. At 05:00 UTC, BNB continued this downtrend, broke the support at $600, breached a breakout, and dropped to $597. Subsequently, at 05:30 UTC, BNB found support at $597 and moved in an ascending channel. A Golden Cross on MACD at 05:55 UTC confirmed this uptrend. Later, at 10:55 UTC, BNB price movement resisted at $601 and experienced a short-term fall. 

Conversely, at 12:30 UTC, BNB encountered an RSI Oversold zone, indicating a possible uptrend. As expected, at 13:05 UTC, BNB found support at $598 and began to move up. At 18:20 UTC, BNB continued its uptrend, broke the resistance at $602, and reached $605. But at 20:05 UTC, BNB resisted at $605 and experienced a short-term decline. A Death Cross on MACD at 19:45 UTC asserted this downtrend. At 20:25 UTC, BNB found support at $603 and experienced a brief rise. Substantially, at 22:05 UTC, BNB resisted at $606, began to fall, and closed at $603. 

BNB Tops Above $600 – April 28, 2025

As illustrated in Chart 1, on April 28, 2025, the trading day commenced with BNB experiencing positive sentiment. During the early trading session, BNB started with a brief fall. But at 00:25, BNB found support at $602 and began to move up. Conversely, at 00:40 UTC, BNB resisted at $605 and experienced a sharp decline. Eventually, at 01:40 UTC, BNB encountered an RSI Oversold zone, indicating a potential uptrend. Likely, at 01:45 UTC, BNB found support at $598, experiencing an uptrend. A Golden Cross on MACD at 02:15 UTC reaffirmed this uptrend.

Is it the Right Time to Buy BNB?

Based on today’s BNB price analysis, Binance Coin is projected to undergo an upward trajectory, suggesting strong bullish momentum. In a possible scenario, if BNB attempts to break the key resistance at $606, it could bounce back and reach its previous high. If it fails in its attempt, BNB could experience a sharp price decline and encounter a bearish trend. Currently, the market sentiment appears cautiously optimistic; let’s closely monitor the key level to know if it exhibits a breakout to confirm a sustained upward trend.