- Hidden bullish divergences on the 1-hour chart trace at a possible continuation of the uptrend.
- BNB is consolidating with regular quantity, exhibiting indicators of gradual accumulation moderately than hype-driven spikes.
- Technical indicators (RSI, BBP) are turning constructive, placing a breakout on the desk if resistance breaks cleanly.
BNB’s been quietly holding its floor, managing to remain agency even because the broader crypto market’s been doing its typical dance. Over the past 24 hours, value motion was… effectively, tight. However not in a foul approach — extra like calm earlier than the subsequent transfer.
By the tip of July 1st, BNB had notched a 1.01% acquire, closing out at $654.51. It’s not an enormous leap, certain, however that regular climb — paired with some key technical alerts — has merchants considering one thing greater might be brewing.
Divergences Level to Continuation, Not Collapse
A latest submit by @WhiteboxTrading on X (yep, nonetheless calling it X) flagged a hidden bullish divergence on the 1-hour BNB/USDT chart. Principally, value printed the next low, whereas the RSI confirmed a decrease low. That’s normally code for: “this pattern may preserve going.”
And wouldn’t you recognize it, BNB popped shortly after that divergence fashioned. Clear, textbook stuff.
Apparently, that got here not lengthy after a bearish divergence earlier within the month — you recognize, a kind of “increased highs on value, decrease highs on RSI” sort setups. That one led to a little bit of sideways chop earlier than patrons stepped in once more. Since then, there’ve been two extra hidden bullish alerts (June 26 & 29), each including gas to the pattern.
BNB tagged $656 in the course of the mini-surge, a degree that now seems like a short-term ceiling. Nonetheless, holding above $650 is a win for bulls.
Information Exhibits Cautious Accumulation — Not Hype
In accordance with Courageous New Coin, BNB’s market cap sits at a snug $95.5 billion, with just below 146 million tokens floating round. Over the past 24 hours, value bounced between $652 and $658 — fairly chill vary, however regular quantity suggests people are nonetheless paying consideration.
Quantity clocked in at $453.76 million, however issues actually popped late June thirtieth with a $743.83 million surge. Worth moved up, dipped a bit, then landed round $654. That spike? Would possibly’ve simply been some short-term revenue taking, nothing too dramatic.
Additionally, @cryptozone_x flagged a liquidation alert on X — $91K in shorts closed at $657 on Bybit. That’s normally an indication of some purchase strain kicking in, squeezing out overleveraged bears.
Technicals Trace at a Breakout… Possibly
On the each day chart, BNB completed June thirtieth at $656.91, up only a hair — 0.31%. The excessive was $660, low was $651. Not wild volatility, however there’s a refined shift taking place.
BNB’s been range-bound since Could, chilling between $500 and $745, however now it’s poking the higher half of that vary. Bollinger Band Energy flipped constructive just lately, hitting 16.67 — a notable shift after spending early 2025 largely within the crimson.
That alone doesn’t scream “moonshot,” however it does recommend rising energy. RSI is sitting at 55.3, whereas the shifting common is lagging behind at 46.75. RSI crossing above its MA? That’s normally a low-key bullish signal.
So yeah — if BNB retains urgent on and clears the native resistance, we may see it stretch towards $700+ once more. But it surely’ll want some quantity assist and no sudden market meltdowns to get there.