BNB’s price action is gaining attention once again, as technical signals suggest a breakout could be on the horizon — potentially pushing the altcoin toward its all-time high. Despite recent market pullbacks, analysts believe Binance Coin (BNB) is forming a strong base, with the potential to test and even surpass the $700 resistance level.

BNB is currently trading around $641, marking a slight decline over the past week. However, the coin is holding key support levels that analysts say are critical to maintaining the ongoing uptrend. If momentum returns, BNB could see a repeat of its historic rally that pushed prices near $788, its current all-time high (ATH).

BNB Reclaims $600 and Eyes $700 Resistance

After dropping to $640 support on Friday, BNB bounced from the lower end of its trading range between $630 and $690. This follows the token’s reclaim of the $600 level in May, a move that briefly took it to $697 — just below the crucial $700 resistance zone.

That resistance level played a key role in BNB’s last major rally toward its all-time high, and market observers are watching closely to see whether the coin can turn $700 into a new support level this time around.

According to analyst Carl Runefelt from The Moon Show, BNB is currently displaying a descending triangle pattern on the daily chart. This structure shows compressing price action between a support zone at $635 and descending resistance near $650.

Runefelt suggests that a bullish breakout from this triangle could catapult BNB 10% higher to test the $700 resistance once again. If bulls manage to flip that level into support, analysts say a much larger move could follow.

Long-Term Patterns Signal Strength

Analyst Crypto Batman has also pointed out a larger ascending triangle pattern forming over several months, suggesting that BNB’s overall market structure remains intact despite broader market volatility.

According to him, “Even with market uncertainty, BNB structure is clean after respecting the trendline and bouncing off major support. Now, it’s eyeing a breakout above $700.”

Crypto Batman compares BNB’s current setup to Q3 2024, when the token formed a solid base around $460–$470 before going on an “explosive” rally to new highs. In 2025, BNB appears to have built a similar base around $550, signaling that a repeat performance may be on the table.

The analyst added that if BNB breaks above the $729 macro resistance, it could open the door to a 50% price surge, potentially lifting the token beyond its current ATH.

Path to $800: Realistic or Too Ambitious?

While short-term targets remain around $700 to $730, analysts are not ruling out a push toward $800, particularly if broader market sentiment improves.

Crypto Batman explained that BNB “loves to test key zones before liftoff,” suggesting that continued consolidation around the $635–$640 zone is a healthy sign. He emphasized that patience could pay off for traders, as long as BNB maintains its macro range and multi-tested support zones.

He also noted that the $600 level now acts as a strong psychological and technical support, with deeper downside protection around $490–$500. If these zones hold, the overall uptrend remains valid.

What Could Fuel the Next Move?

Several catalysts could influence whether BNB manages to break through $700 and head toward $800:

• Improved altcoin sentiment during the broader market recovery.

• Binance ecosystem growth, including BNB Chain upgrades and adoption.

• Institutional interest in crypto returning as regulatory clarity improves.

• Positive developments in BNB tokenomics, such as token burns and reduced circulating supply.

Despite a slight dip this week, the overall market structure supports the idea that BNB is preparing for its next major move.

Conclusion: Breakout Looms If BNB Holds Key Support

With BNB hovering near important resistance and technical patterns suggesting bullish continuation, traders and analysts are watching closely. A breakout above $700 and confirmation above $729 could trigger the next rally — possibly driving prices to new record highs.

For now, the altcoin’s ability to hold support at $635–$640 and maintain structure remains the key to unlocking further gains. As one analyst put it: “If the pattern repeats, then patience will give us profits.”