BNB Price Outlook: Bulls Gain Control as Weekly Close Nears

Binance Coin (BNB) is showing bullish momentum, rising 2.82% over the last 24 hours, according to CoinStats data. As of press time, BNB is trading at $634.07, gaining ground in a market where bulls appear to be gaining dominance over bears toward the week’s end.

On the hourly chart, BNB faced resistance at $643.94 and has since pulled back slightly. If bearish pressure persists, traders may witness a short-term dip toward the support area by tomorrow. However, the broader price structure remains intact, with no immediate signs of a trend reversal.

Looking at the daily timeframe, much will depend on how the candle closes relative to the key level at $643.72. A close significantly below this level could signal a potential correction, possibly pushing the price down to $619.90. Still, a candle closing near or above current levels would indicate that bullish momentum is holding firm.

From a midterm perspective, BNB remains in a bullish trend. If the weekly candle closes near current prices, a breakout above the $643 zone becomes increasingly likely. This could open the path for further gains, with the next resistance range projected between $660 and $680.

With bullish sentiment persisting and key technical levels approaching, BNB traders are closely watching for a strong weekly close that could pave the way for further upside. As always, price action around resistance and support levels will be critical in determining the next directional move. Traders should monitor the $643 and $619 levels closely, as well as the broader market conditions influencing major altcoins.