BNB Could Reach New Highs and Outperform Bitcoin | Credit: Hameem Sarwar
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Key Takeaways
BNB trades just below the $670 horizontal resistance area.
This is the final resistance before the all-time high of $794.
Can the BNB price break out above it and move to new highs?
BNB fell after reaching its all-time high in December 2024, but has regained its footing and is attempting to make another breakout attempt.
On top of trading just below its all-time high, the BNB to Bitcoin (BTC) chart shows bullish signs.
With that in mind, let’s analyze both charts to determine what lies ahead in 2025.
BNB Reaches Resistance
The weekly time frame analysis shows that BNB trades slightly below the $670 horizontal resistance area.
BNB has traded below this level since the start of 2021, except for a deviation (black circle) in December 2024.
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The BNB price fell after the deviation, but it bounced at the middle of the range (green icon) and is making another breakout attempt.
While the breakout attempt is a positive development, BNB has also created a bearish head-and-shoulders pattern, which has created confusion about the trend’s direction.
Initially, technical indicators showed bearish signs. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) created bearish divergences (orange).
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
