The BNB price today is trading near $674.40, edging higher after reclaiming key territory above $665

The broader structure shows BNB moving out of a descending wedge, with technical indicators flashing mixed signals between consolidation and continuation.

The price of BNB today is trading at $674.40, edging higher as it continues to move above key territory at $665.

The broader structure shows BNB moving out of a descending wedge, with technical indicators flashing mixed signals between consolidation and continuation. Traders are now closely watching the triangle apex forming just below the $688 resistance ceiling.

After a volatile stretch earlier this month, the BNB price appears to be stabilizing above its 0.382 Fib retracement zone from the $793 high, with bullish momentum gradually building into the weekend.

What’s Happening With BNB’s Price?

The daily chart shows BNB breaking above a descending resistance trendline around $645 last week, initiating a bullish push into the $670-$675 range. This area, which overlaps with key 4-hour supply, has capped recent upside attempts. Still, the coin’s ability to hold above the $665-$668 support cluster—backed by the 20/50 EMA zone—is encouraging.

The weekly Fibonacci retracement from the $400 swing low to the $793.99 top reveals that BNB has reclaimed the 0.382 level at $643.69. With a higher low now in place, price action appears to be coiling for a decisive move into the $688-$692 resistance. A breakout above this level could expose the upper fib confluence near $701.

BNB Price Action Points to Bullish Continuation, But With Caution

The 4-hour chart reflects a tightening symmetrical triangle just under the $688 zone. This comes after BNB formed a base near $651, launched a sharp upside wave, and was rejected at the upper trendline. The trendline is now intersecting with the EMA100 and the top Bollinger Band around $681.

BNB price volatility has contracted over the past 48 hours, and Bollinger Bands are narrowing, suggesting an imminent breakout. If bulls clear $681-$688, momentum could extend into the $700-$715 band. Conversely, failure to hold above $664 might trigger a slide back to the $650 demand zone.

Why BNB Price Going Up Today?

The question is: why is the BNB price going up today? The rally stems from two converging bullish developments:

Additionally, Bitcoin’s relative stability above $67K this week has provided the broader market with confidence, allowing majors like BNB to stretch higher without heavy selling pressure.

RSI, MACD, and Ichimoku Suggest Strength but Overhead Risks

On the 30-minute and 4-hour RSI, BNB is hovering near 58-63 levels—slightly below overbought but still bullish. Meanwhile, MACD lines are flattening with a slight bearish crossover developing on lower timeframes. This indicates potential consolidation before any strong continuation.

The Ichimoku Cloud also supports near-term bullish bias, with price holding above the Tenkan and Kijun lines and the future cloud turning green. However, the Stochastic RSI on the 30-minute chart is falling from above 75, hinting at a short-term cooldown.

BNB Price Prediction for May 27

BNB is likely to continue trading within a tightening range ahead of a breakout. The $674-$676 zone serves as immediate resistance, followed by a critical ceiling at $688-$692. A break above this zone could trigger a rally to $715 and potentially $738.

On the downside, support is firm at $665 and $651. If those levels break, bears may target $630-$620.

BNB’s technical posture suggests a bullish bias with a potential breakout toward $700 if bulls maintain support above $665. However, waning momentum and tightening indicators hint that any surge could be preceded by a brief consolidation phase.

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