Binance Coin (BNB) Price: BNB Eyes Breakout as Chinese Firm Bets $3M on Recovery
TLDR
- BNB short-term bias remains constructive above $593.86
- A break above $610 could push price toward $618โ$623 liquidation cluster
- Losing $594 would invalidate the current bullish setup
- Crypto analyst BATMAN flagged a bullish RSI divergence on BNBโs chart
- China-based HR firm Baiya has now invested $3M total in BNB across three purchases
Binance Coin is at a technical crossroads. The price needs to hold $600 and close above $610 before any meaningful upside can follow.
The short-term setup is cautiously positive while BNB trades above $593.86. Below that level, the current recovery attempt would be considered broken.
Analyst DongPham pointed out that trading volume has not risen alongside the recent price recovery. A price move without increased volume can struggle to push through multiple resistance levels.
The first real resistance sits at the $618โ$623 range, where liquidation clusters are concentrated. That zone will likely act as a ceiling before any further move higher.
Analyst Flags RSI Divergence
Crypto analyst BATMAN, posting on X, noted that BNB is showing a clear bullish RSI divergence after holding the lower boundary of its descending channel. He said price is now pushing higher but remains below the 200 EMA near $646. A reclaim of that moving average, followed by a breakout above resistance, could confirm a major trend reversal, according to BATMAN.
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