Binance Coin (BNB) Price Prediction: Will BNB Recover After Failing to Attract Buyers?

Over the past 24 hours, Binance Coin (BNB) failed to attract buyers as it continued to decline heavily below immediate Fib channels.

Binance Coin (BNB) price experienced a decline in buying momentum after failing to maintain its surge around the Fib levels. As a result, sellers are aiming for a retest of $650.

At the time of writing, BNB price is trading at $662, indicating a 0.8% decrease in the last 24 hours.

BNB/USDT price is aiming for $689, but it may encounter strong resistance, potentially pushing it back to retest the $648 level. With the Relative Strength Index (RSI) at 48, just below the midpoint, there could be an increase in selling pressure on BNB.

However, if the price manages to break above $689, a rise toward $725 could be possible. On the other hand, if the price falls below $648, it may continue to drop to $623.

What to Expect Next?

Short-term: According to BlockchainReporter, BNB price might continue to surge toward $689. If the price moves above that level, we might see a trade around $725. On the downside, $648 is the range.

Long-term: According to the current Binance Coin price prediction from Coincodex, the price of Binance Coin is expected to rise by 86.56% and reach $1,223.42 by March 17, 2025.

Coincodex’s technical indicators suggest that the current market sentiment is Neutral, and the Fear & Greed Index stands at 50 (Neutral).

Over the past 30 days, Binance Coin has recorded 15/30 (50%) green days and a price volatility of 6.77%. Based on this forecast, it is now considered a good time to purchase Binance Coin.