Binance Coin (BNB) Price Prediction: Bulls Target $635 as BTC Holds Above $58K

Binance Coin (BNB) has shown strength in the crypto market, rising above the $600 mark after forming a solid base at the $580 support zone.

Binance Coin (BNB) has shown strength in the crypto market, rising above the $600 mark after forming a solid base at the $580 support zone. The asset is demonstrating bullish momentum as it consolidates gains, with technical indicators suggesting potential further upside movement in the near term.

After facing resistance at $595 and $600, bulls managed to push Binance Coin (BNB) through these levels. This upward movement is closely followed by minor corrections, similar to patterns seen in Bitcoin and Ethereum.

Having reached a high of $620, BNB experienced a minor correction, pulling back from the highs. Despite this pullback, the price remains above the 100-hourly simple moving average and the $600 level, indicating underlying strength in the current trend.

Technical analysis reveals a connecting bullish trend line forming on the hourly chart of the BNB/USD pair, providing support at $611. This formation, if broken, could lead to a continuation of the downward momentum.

Crucial Level

Maintaining position above the $600 level appears crucial for the continuation of BNB's upward trajectory. This price point serves as a psychological and technical support that could determine the direction of the next major move.

A major catalyst for BNB’s recent price movement is Kraken Exchange’s announcement that it will list Binance Coin on April 22, 2025.

Among the top crypto exchange platforms globally, Kraken’s decision to list BNB is noteworthy. The exchange will be introducing several trading pairs, including BNB/USD and BNB/EUR.

This move by Kraken will introduce Binance Coin to a broader investor base, which could lead to increased liquidity and demand for the asset.

Kraken’s varsity support for BNB highlights the growing institutional interest in the cryptocurrency market. With the listing scheduled for 14:00 UTC, many market participants are positioning themselves ahead of the potential price action that might follow.

The timing of this listing coincides with BNB’s technical breakout above important resistance levels, potentially creating a compound effect on price movement.

Recent Price Action

Looking at the recent price history, BNB has shown interesting patterns over the past two days. On April 21, 2025, BNB started with upward momentum but encountered resistance after reaching $608.

After hitting this resistance, BNB experienced a pullback to $600.05, where it found support. Later in the day, the price dropped further to $594, another support level where buyers stepped in.

On April 22, 2025, BNB continued its recovery, breaking above the $598 resistance and reaching $602. This price action demonstrates the asset’s resilience and the market’s willingness to buy at these levels.

#BNB Price Update 🚨Key Level Ahead

BNB is holding above a strong support zone and now approaching a key descending trendline. The $600–620 range remains a strong resistance zone to watch.

A breakout above this trendline could shift the structure bullish, with the next major resistance at $635. pic.