Binance Coin Price Prediction: EMA Support and Volume Surge Point to Rally Toward $730
The post Binance Coin Price Prediction: EMA Support and Volume Surge Point to Rally Toward $730 appeared on BitcoinEthereumNews.com.
Binance Coin (BNB) is showing strong technical momentum after confirming a breakout from a falling wedge pattern, a move that often signals the beginning of a bullish phase. The price has climbed steadily, breaking key resistance levels and reclaiming major moving averages. With technical indicators pointing upward and analysts identifying higher targets, BNB could be on track for a continued rise toward the $730 region. Falling Wedge Breakout Signals Structural Shift In a recent X post, analyst Hakan Kocabıçak shared a daily chart of BNB/USDT, identifying a decisive breakout from a falling wedge pattern. The token has gained 2.63% and is currently trading at $663.31. This price movement is supported by strong candle volume, indicating conviction behind the breakout. The pattern had been forming during a multi-day downtrend, with BNB consistently creating higher lows—a structural sign of growing buyer strength. Source: X Technical analysis shows that BNB has successfully reclaimed the 50-day exponential moving average (EMA) near $644, which had previously acted as resistance. The price is now tracking an upward-sloping channel established from May lows, with visible potential to reach the $700–$720 range. Increased volume during the breakout adds further confirmation. The price behavior, coupled with consistently higher lows and rejection from lower trendlines, signals a positive structural shift favoring bulls. Swing traders are watching for a retest of the breakout area to establish new support. Analyst Projections and Market Data Suggest Momentum is Building A separate insight from crypto analyst Bitunix supports the breakout thesis. In his recent X post, James noted that BNB had broken out of a bullish wedge on the 4-hour timeframe. These shorter-term breakouts can often lead to rapid short-term price movements. Source: X He commented, “Full send it if we do break out,” hinting at the possibility of continued upside. If BNB maintains…
