BNB rebounds 30% – Perfect buy-in or time to cash out?
Journalist Posted: February 10, 2025 Share this article 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. Share