Binance BNB Coin Exhibiting Strength: New All-Time High on the Horizon

Join us as we dive into key insights derived from raw price charts. This article discusses the trend of Binance Coin (BNB), significant levels, and its future potential.

Recently, Binance Coin (BNB) has shown promising performance on the charts. The BNB team is actively enhancing the network and will soon roll out the Maxwell Hardfork. The testnet is slated for May 26th, aiming to boost efficiency, complemented by an auto-burn mechanism to reduce the total circulation to 100 million by 2028.

#BNB
What a strong chart!
More than a year of re-accumulation near all-time highs 🔥 $BNB is poised to push higher into price discovery. 🚀 (Alex Clay) (Posted on May 21, 2025)

Examining the chart provided by Alex Clay reveals a breakout beyond previous all-time highs, with the latest price action indicating a re-accumulation phase. For further context, please revisit the previous article here.

Overview of BNB’s Market Performance

BNB price remains just below the last resistance
Bullish divergence in the RSI on the daily timeframe
Weekly chart illustrates a breaking upward diamond pattern and a strengthening RSI
A possible breakout toward a new all-time high is anticipated, targeting $950

Drawing attention back to the daily timeframe, we notice three rebounds from the bottom trendline, followed by a breakout above the upper trendline. BNB has also shifted from a lower-low trend by establishing a higher high and a higher low. An additional bullish signal is the reclaiming and retesting of the MA200.

In the event of a long position entry, one might consider positioning their stop-loss below the MA200 level, around $630.

BNB Chart

As we close our analysis with a four-hour timeframe, another robust upward trend appears to be developing. Binance Coin is performing steadily along with Bitcoin over the last few weeks, and should Bitcoin reach a new all-time high, BNB may follow suit with potential targets near $940-$950. Stay safe out there!

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