Binance Coin (BNB) is testing crucial resistance near $770 as the broader cryptocurrency market registers gains among all top 10 assets. Currently trading around $764.88 following a near 1% daily increase, BNB’s next directional move hinges on its ability to breach or retreat from the $769.79 threshold.
Market analysts note that a decisive breakout above the $770 resistance zone could propel BNB toward the $780-$800 price range. This barrier represents a critical technical level that has historically dictated short-term momentum.
Should the asset fail to sustain upward movement, support awaits near $740 and the psychologically significant $700 level. Technical indicators suggest that a weekly close below $740 could trigger downside momentum toward the lower support area.
The current price action unfolds against a backdrop of widespread optimism in digital asset markets. Data confirms uniform gains across the entire top 10 cryptocurrency cohort, reflecting positive market sentiment and buying pressure.
Traders are monitoring the $770 zone as a pivotal point due to its potential to either catalyze further upward movement or trigger consolidation. The outcome will provide critical insight into BNB’s near-term trajectory amidst the ongoing market upswing.