BNB Price Today: After Breaking Out from Its Mid-April Range, the BNB Price Today Is Consolidating

After breaking out from its mid-April range, the BNB price today is consolidating near $663.19, just below the recent swing high of $678.

The price of BNB today, May 11, is consolidating at a crucial juncture, with key technical indicators suggesting a pause in the recent rally.

After breaking out from its mid-April range, BNB has beenpivoting at a recent swing high of $678. This move was sparked bya clean breakout above the $620 resistance zone, supported byincreased volume and trendline confluence.

On the 4-hour chart, BNB has already flipped previousresistance zones into support, particularly at $643 and $617, both ofwhich align with key Fibonacci levels from the March high.

The rally began as BNB broke through the 0.5 Fibretracement from the March high ($645) and reached the 0.382 Fibat $678, where it faced short-term rejection. Price is nowattempting to stabilize within this Fib pocket.

The daily structure shows a series of higher lows since April 13,and price is still trading well above its descending trendline fromMarch.

BNB Price Today: Indicators Flash Bullish But OverheatedOn the 4-hour timeframe, the BNB price action remains bullishwith all major EMAs (20/50/100/200) stacked in ascending order. The20-EMA sits at $649.34 and has consistently held as dynamicsupport during minor dips, while the 50-EMA at $630.42 formssecondary support, aligning with the prior consolidation zone.

RSI on the 4-hour chart is currently 64.33—slightly coolingfrom its peak near 74 during the breakout, which suggests BNB isdigesting gains while remaining in bullish territory. The MACDhistogram is flattening after a strong expansion phase, but there isno confirmed bearish crossover yet, indicating the move ispausing rather than reversing.

Bollinger Bands on the 4-hour are still quite wide, with priceslimming toward the upper band around $670. This implieselevated BNB price volatility, and usually precedes either acontinuation push or a steeper return to the 20-band average at$650.

Ichimoku Cloud also supports the bullish view—price remainsabove the cloud with a strong Tenkan-Kijun cross. Leading SpanA is sloping upward, showing projected support near $647 for May11.

Why Is BNB Price Going Up Today?The breakout is primarily technical: BNB price spikes above the$620 level cleared a six-week consolidation block, allowing bullsto quickly regain control.

This momentum was fueled by a falling wedge breakout which wasconfirmed on May 8, with volume expanding and the higher lowbeing validated.

Now, Fibonacci retracement zones between $643 (0.5) and $678(0.382) are being tested. A clearance of $678 on strong volumewould likely trigger a continuation toward $701, the next 0.236level from the February–April range.

A failure at $678 would likely see a steeper pullback to $643 orlower toward $617, where the 50-EMA and prior rejection zonesconverge.

Short-Term Forecast: Will Bulls Keep Control on May 11?For May 11, the technical picture remains bullish but slightlystretched. The key to upside continuation is a close above $678 withsupportive volume and MACD expansion. That would put $701 and$720 in play.

Conversely, a rejection at current levels could see a steeperretracement to $643, where buyers are expected to defend the Fiband EMA support. Breakdown below $617 would shift short-termbias to neutral.

Until then, BNB price is bullish with resistance at $678–$701 andsupport at $643–$617. The momentum trend is still intact, buttraders should monitor MACD flattening and overbought stochasticRSI for signs of fatigue.