- BNB bounces back from a low four months while New Momentum starts.
- But is it enough to recover his place in the top 5?
Binance currency [BNB] has fallen 13% in less than a month after a peak on a market capitalization of $ 100 billion, allowing Solana [SOL] To take his place.
Now it has only risen 10% compared to the opening prize of the election day, with great profit already realized. Market this the start of a new bull’s cycle, with new capital that flows into the Altcoin?
The beginning of the end, or the start of something bigger?
Only a week ago BNB crashed at $ 500, which marked the sharpest decrease in months and his rise after the elections wiped out to $ 793. But in a rapid change, the Altcoin recovered 30% in just a week.
Source: TradingView (BNB/USDT)
With the RSI that points further upside down and a MACD -Crossover that teases a bullish breakout, BNB has recovered a lot of his lost terrain – market capitalization reduces above $ 90 billion after he delves shortly below $ 75 billion.
BNB could soon reclaim his top-five placeWho puts the $ 100 billion club back together by beating Solana.
But with trade volume that nails 76% in a single session, is this rally overheating? Maybe it’s too fast? Or is this just the start of something bigger – now making the perfect time to buy the “dip”?
Main BNB -Effairs to view
With Momentum Building is the next major test of BNB $ 650 – Break above it and $ 700 can be within reach. But if $ 620 does not hold, a dip to $ 560, a strong support zone, can be on the table.
Which scenario is more likely?
The newest volume peak and a green BNB/BTC pair suggest that buyers withdraw, rotating capital away from Bitcoin [BTC] In Binance Coin – a bullish sign, especially with the dominance of Bitcoin stable.
Source: Santiment
Read Binance Coin’s [BNB] Price forecast 2024–2025
Given this setup, a purpose of $ 650 does not seem far away, but overheating can block the rally. If the momentum is too hot, BNB may need a “dip” before he makes a real push to $ 700.
In the meantime, Sol keeps strong above $ 200, which signals accumulation. Now that SOL/BTC is winning traction, this can be the most important statistics to keep an eye on when deciding whether BNB is the better gamble that is improving.
Credit : ambcrypto.com
