{"id":23387,"date":"2025-05-05T14:00:10","date_gmt":"2025-05-05T14:00:10","guid":{"rendered":"https:\/\/cryptd.in\/bnb-bulls-target-644-as-classic-chart-formation-emerges\/"},"modified":"2025-05-05T14:00:10","modified_gmt":"2025-05-05T14:00:10","slug":"bnb-bulls-target-644-as-classic-chart-formation-emerges","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nb\/bnb-bulls-target-644-as-classic-chart-formation-emerges\/","title":{"rendered":"BNB Bulls Target $644 As Classic Chart Formation Emerges"},"content":{"rendered":"<p>Binance Coin (BNB) is gaining fresh interest as investors closely watch a potential breakout. The token is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bnb\" target=\"_blank\" rel=\"noopener nofollow\">facing resistance<\/a> around $593, with daily trade volume at $1.24 billion. Its market cap is $83 billion. The current trend is being attributed to sustained buying interest and continuous technical cues.<\/p>\n<h2>Traders Identify Triangle Pattern On BNB Chart<\/h2>\n<p>Technical analysts are keenly watching a <a href=\"https:\/\/www.investopedia.com\/terms\/t\/triangle.asp#:~:text=Named%20for%20its%20resemblance%20to,an%20existing%20trend%20or%20reversal.\" target=\"_blank\" rel=\"noopener nofollow\">triangle price pattern<\/a> forming on the chart of BNB against USDT\u2019s 1-day chart. As analyst Andrew Griffiths explains, this formation is recognized for contracting price action, whereby the highs become lower and the lows become higher. It typically indicates a significant move in the near future, either higher or lower.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BNB?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BNB<\/a> analysis on the 1D chart vs USDT shows price movement within a triangle pattern, indicating room for the current side trend. Potential targets: T1 = $599, T2 = $617, T3 = $644. For risk management, consider Stop-Loss levels: SL1 = $580, SL2 = $559, SL3 = $542, SL4 = $521.\u2026 <a href=\"https:\/\/t.co\/Qku1eChZ4R\" rel=\"nofollow\">pic.twitter.com\/Qku1eChZ4R<\/a><\/p>\n<p>\u2014 Andrew Griffiths (@AndrewGriUK) <a href=\"https:\/\/twitter.com\/AndrewGriUK\/status\/1918786265744371786?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 3, 2025<\/a><\/p>\n<\/blockquote>\n<p>The graph indicates BNB trending in a narrower range for the past few sessions. Such a setup typically indicates that there is a breakout on the horizon. As BNB has been on an upward trend prior to this pattern forming, some assume it will keep going up\u2014if the support zones hold. However, a breach below those support levels might reverse the trend and push the price down.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"aligncenter wp-image-744264 size-large\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/a_4a01a7.png?w=506&amp;resize=506%2C860\" alt=\"\" width=\"506\" height=\"860\" loading=\"lazy\" \/><\/p>\n<h2>Price Targets Established At $599, $617, And $644<\/h2>\n<p>If BNB keeps surging, analysts have cited three possible targets. The first is $599, which is just below the psychological barrier of $600. The second is $617, a place where BNB fought to move above back in March.<\/p>\n<p>The third is $644, which is the entire range of the triangle formation. These will likely be checkpoints if there is momentum.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/T84mL0Ex\/\" width=\"2048\" height=\"959\" loading=\"lazy\" \/><\/p>\n<p>Although short-term bullish indications are there, the token has not yet breached any of these levels. For now, BNB is probing a significant level of support and resisting. This type of price action is typical before bigger moves in either direction.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"aligncenter size-full wp-image-744271\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/a_ab5d76.png?resize=1024%2C303\" alt=\"\" width=\"1024\" height=\"303\" loading=\"lazy\" \/><\/p>\n<p>BNB: The 32% Prediction<\/p>\n<p>In spite of all the short-term hype, a different forecast shows BNB plummeting in the next year. Based on a <a href=\"https:\/\/coincodex.com\/crypto\/binance-coin\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">price forecast<\/a>, the token might decline by 32% and hit $402 on June 4, 2025. That prediction doesn\u2019t coincide with the existing chart strength, creating an extra layer of uncertainty for long-term investors.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter size-full wp-image-744278\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/a_3e7f22.png?resize=400%2C485\" alt=\"\" width=\"400\" height=\"485\" \/><\/p>\n<p>BNB has experienced 15 green days out of the past 30, and its price volatility has been only 2.5%. The sentiment of the market seems to be <a href=\"https:\/\/cfgi.io\/bnb-fear-greed-index\/\" target=\"_blank\" rel=\"noopener nofollow\">neutral<\/a> for the time being, with the Fear &amp; Greed Index standing at 52. Everyone is still focused on the triangle formation and if BNB will extricate itself from it.<\/p>\n<p><em>Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Binance Coin (BNB) is gaining fresh interest as investors closely watch a potential breakout. The token is facing resistance around $593, with daily trade volume at $1.24 billion. Its market cap is $83 billion. The current trend is being attributed to sustained buying interest and continuous technical cues. Traders Identify Triangle Pattern On BNB Chart [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BNB Bulls Target $644 As Classic Chart Formation Emerges - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nb\/bnb-bulls-target-644-as-classic-chart-formation-emerges\/\" \/>\n<meta property=\"og:locale\" content=\"nb_NO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Bulls Target $644 As Classic Chart Formation Emerges - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Binance Coin (BNB) is gaining fresh interest as investors closely watch a potential breakout. 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