Binance Coin Price Prediction: Double Bottom Reversal Targets $667 Next

Market participants are closely observing whether BNB can sustain its push above the $654 neckline, a move that could signal the start of a broader recovery. The asset’s performance over the next few sessions may determine if bulls have enough strength to challenge the $667 resistance zone.

A recent technical formation observed on the BNB/USDT chart has gained traction following a strong rebound from the $652 support level. As identified by a prominent trader Rai, a double bottom pattern has emerged with two distinct lows followed by a break above the neckline at approximately $654.

This W-shaped structure typically suggests a potential trend reversal when backed by volume and disciplined stop-loss placement. The ongoing price action has respected the pattern, with bulls attempting to confirm the breakout zone near $654.27.

Source: X

Traders have marked the immediate upside target at $656.34, positioning stop-losses slightly below the recent low at $653.12. The risk-to-reward profile remains tight, offering a controlled setup for short-term participants.

The price has already tested the neckline area post-breakout, which could serve as a retest confirmation if momentum builds. Sustained interest from breakout traders may push the price toward the projected target, especially if the setup remains intact during the next intraday sessions.

Over the past 24 hours, Binance Coin has traded within a relatively narrow band, closing the session at $654.54 with a minor decline of 1.34%. Despite reaching highs near $656.50, the asset experienced multiple short dips below $653 before regaining ground.

The session’s price behavior reflects short-term indecision, with buyers unable to force a sustained breakout above resistance. A minor intraday double top pattern also emerged during the trading day, reinforcing the presence of overhead selling interest near the $656–$657 zone.

Source: BraveNewCoin

Volume dynamics remain mixed. The total daily trading volume stood at $627.15 million, while session-specific flow came in at $366.45 million, implying stronger activity earlier in the day that tapered off later. The narrowing trading range and muted follow-through on rebounds suggest that traders are waiting for confirmation before increasing exposure.

A strong close above $657, supported by renewed volume, would be needed to shift the market bias more decisively in favor of bulls. Until then, price may fluctuate near its support zones between $652 and $654.

On the other hand, BNB is currently trading at $655.77, showing marginal upward pressure. The daily chart places the asset near the upper boundary of the Bollinger Bands, which are beginning to widen.

The upper band sits at $667.34—a key level that aligns with the next resistance target should current momentum persist. Meanwhile, the 20-day simple moving average, located at $646.61, continues to act as dynamic support, confirming the $646–$648 area as a buyer defense zone.

Source: TradingView

Momentum indicators are beginning to align with bullish potential. The Moving Average Convergence Divergence (MACD) shows the MACD line crossing above the signal line, while the histogram has moved into green territory. Although the MACD remains below the zero line, this early crossover suggests that bearish momentum is weakening.

A continued climb above $667 could extend the upside toward $680, particularly if market conditions remain stable and volume supports the move. If price stalls, however, traders may revisit support near $646 to reassess short-term positioning.