Binance Coin (BNB) is testing a key descending trendline, with analysts suggesting a confirmed breakout could propel its price toward $960. At publication time, BNB traded at $721.93, marking a 24-hour gain of 7.56%. Concurrently, Binance has upgraded its Web3 Earn service to “Binance Wallet DeFi,” consolidating staking, lending, and liquidity pool access into a single dashboard.
Binance Coin (BNB) is showing potential for a breakout as it tests key resistance, with analysts expecting bullish momentum upon confirmation. Recent strength and rising demand suggest possible upside continuation for the BNB price.
At the time of writing, BNB is trading at $721.93 with a 24-hour trading volume of $4.18 billion. The token’s 7.56% gain over the last 24 hours points to a potential bullish reversal.
According to the crypto analyst Clifton Fx, the BNB price is pressing against a key descending trendline on the daily chart. The analyst stated on social media that this signals a potential shift in momentum after recent consolidation.
A strong daily close above the trendline could trigger a breakout phase for the BNB price. If confirmed, upside continuation may accelerate with analysts eyeing a potential extension toward the $960 region.
Data from TradingView shows the BNB price formed a large bullish breakout candle, moving above all major Exponential Moving Averages (EMAs). The price surpassed the 200-day EMA resistance level at $711.71.
The Relative Strength Index (RSI) crossed above its signal line with strength, reaching an overbought level of 72.05. This indicates intense buying momentum, though it also suggests a possibility for a retest of the $711 support region.
Separately, Binance has upgraded its Web3 Earn service to “Binance Wallet DeFi,” bringing all decentralized finance services into one application. This was highlighted in an official announcement from the company’s wallet team.
The new feature includes over 40 different protocols and over 1,000 liquidity pools. Users can manage stake, liquidity pool, and loan positions through a single dashboard interface with streamlined tracking.
