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BNB Price Forecast: Bulls aim for $680 mark

BNB's price broke above its 200-day Exponential Moving Average (EMA) at around $620.5 and rose nearly 5% on Monday. This level roughly coincides with the daily resistance level at $612.50, and a breakout above these levels indicates a bullish move. However, BNB declined slightly over the next two days, retesting and finding support around the daily level of $612.50. At the time of writing on Thursday, it trades slightly higher, around $624.

If the $612.50 daily support level continues to hold, BNB price could extend the rally to retest its Feburary 22 high of $679.90.

The Relative Strength Index (RSI) supports the bullish thesis as it reads 54, above its neutral level of 50, indicating bullish momentum.

BNB Price Forecast: Bulls aim for $680 mark

BNB's price broke above its 200-day Exponential Moving Average (EMA) at around $620.5 and rose nearly 5% on Monday. This level roughly coincides with the daily resistance level at $612.50, and a breakout above these levels indicates a bullish move. However, BNB declined slightly over the next two days, retesting and finding support around the daily level of $612.50. At the time of writing on Thursday, it trades slightly higher, around $624.

If the $612.50 daily support level continues to hold, BNB price could extend the rally to retest its Feburary 22 high of $679.90.

The Relative Strength Index (RSI) supports the bullish thesis as it reads 54, above its neutral level of 50, indicating bullish momentum.

https://www.fxstreet.com/cryptocurrencies/news/bnb-price-forecast-bulls-aim-for-680-mark-202503200605