Journalist
Posted:
- BNB is bouncing back from a four-month low as fresh momentum kicks in.
- But is it enough to reclaim its spot in the top 5?
Binance Coin [BNB] has dropped 13% in under a month after peaking at a $100 billion market cap, allowing Solana [SOL] to take its spot.
Now, it’s up just 10% from its election day opening price, with big gains already realized. Does this mark the start of a fresh bull cycle, with new capital flowing into the altcoin?
The beginning of the end, or the start of something bigger?
Just a week ago, BNB crashed to $500, marking its sharpest drop in months and wiping out its post-election surge to $793. But in a swift turnaround, the altcoin has rebounded 30% in just a week.
Source: TradingView (BNB/USDT)
With the RSI pointing to further upside and a MACD crossover teasing a bullish breakout, BNB has reclaimed much of its lost ground – its market cap surging back above $90 billion after briefly dipping below $75 billion.
At this pace, BNB could soon reclaim its top-five spot, rejoining the $100 billion club by knocking Solana down.
But with trading volume spiking 76% in a single session, is this rally overheating? Perhaps, it’s too much, too soon? Or is this just the start of something bigger — making now the perfect time to buy the “dip”?
Key BNB levels to watch
With momentum building, BNB’s next big test is $650 – break above it, and $700 could be within reach. But if $620 fails to hold, a dip toward $560, a strong support zone, could be on the table.
Which scenario is more likely?
The latest volume spike and a green BNB/BTC pair suggest buyers are stepping in, rotating capital away from Bitcoin [BTC] into Binance Coin – a bullish sign, especially with Bitcoin’s dominance holding steady.
Source: Santiment
Read Binance Coin’s [BNB] Price Prediction 2024–2025
Given this setup, a $650 target doesn’t seem far off, but overheating could stall the rally. If momentum runs too hot, BNB may need another “dip” before making a real push toward $700.
Meanwhile, SOL is holding strong above $200, signaling accumulation. With SOL/BTC gaining traction, this could be the key metric to keep an eye on when deciding whether BNB is the better bet moving forward.
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