HomeBNB UpdatesBNB Price Analysis & Forecast (June 6): Binance Coin Surges 20% to...

BNB Price Analysis & Forecast (June 6): Binance Coin Surges 20% to Reach Record High, Could $1k Be the Next Bullish Goal?

Published on


Analysis and Forecast for Binance Coin (BNB) Price Movement

Binance Coin (BNB) has finally broken out of its two-month accumulation phase with an impressive gain in just a week. The cryptocurrency surged to a new high of $716 before retracing slightly to $696, showing a strong bullish sentiment in the market.

Last month, BNB successfully broke above the key $600 level but struggled to maintain momentum, leading to a brief retracement below $587. However, the coin rebounded and surged through March’s $645 resistance to reach its current high.

Analysts are now closely watching the key resistance levels of $716, $730, and $760, with the long-term target set at $1,000. While the hourly support is being tested at $692, investors should keep an eye on key support levels at $669, $640, and $631.4.

The trend for BNB is currently bullish, with high volatility expected in the coming days. Traders are advised to conduct their research before investing in any cryptocurrency or services.

For the latest updates on Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news, follow us on Twitter @nulltxnews.

Latest articles

Bitcoin: Big Investors Making Moves – Predicting the Future of BTC

Bitcoin Whales Accumulate BTC as Holder Profitability Grows and Miner Revenue Declines Bitcoin whales...

Is This Shiba Inu-Inspired Multi-Chain Meme Coin Close to Reaching $700k Presale Milestone? Keep an Eye on This Potential New Multi-Chain Crypto Trend.

Exploring the Potential of Base Dawgz: A Multi-Chain Meme Coin with Sky-High Ambitions Introducing...

BNB Surges while Top 10 Coins Decline: Could This Signal a Bullish Market?

Cryptocurrency Market Rollercoaster: Winners and Losers of the Week The cryptocurrency market has been...

Keep a Close Eye on BTC’s Support Level for Potential Buying Opportunity – Crypto News BTC

Crypto Market Analysis and Bitcoin Price Trajectory Title: Trading Expert Identifies Potential Buying Opportunities...

More like this

Bitcoin: Big Investors Making Moves – Predicting the Future of BTC

Bitcoin Whales Accumulate BTC as Holder Profitability Grows and Miner Revenue Declines Bitcoin whales...

Is This Shiba Inu-Inspired Multi-Chain Meme Coin Close to Reaching $700k Presale Milestone? Keep an Eye on This Potential New Multi-Chain Crypto Trend.

Exploring the Potential of Base Dawgz: A Multi-Chain Meme Coin with Sky-High Ambitions Introducing...

BNB Surges while Top 10 Coins Decline: Could This Signal a Bullish Market?

Cryptocurrency Market Rollercoaster: Winners and Losers of the Week The cryptocurrency market has been...
bitcoin
Bitcoin (BTC) $ 110,436.59
ethereum
Ethereum (ETH) $ 3,884.01
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,134.31
xrp
XRP (XRP) $ 2.41
solana
Solana (SOL) $ 191.31
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,884.18
tron
TRON (TRX) $ 0.312446
dogecoin
Dogecoin (DOGE) $ 0.195145