As of July 10, 2025, Binance Coin (BNB) is trading at approximately $664.09, consolidating in the short term while maintaining a long-term bullish trend. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $732 in March 2025, BNB entered a consolidation phase, fluctuating between $625 and $670. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $670, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $670, which has rejected the price multiple times. A high-volume breakout (over 25% above the 20-day average) could target $710, consistent with previous highs. On the support side, $643 has acted as a strong demand zone, with $625 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 62.807, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD shows signs of bullish momentum, but declining trading volume in recent days indicates trader caution. The 50-day moving average at around $655 acts as a key dynamic level. Price Pattern Analysis BNB’s daily chart shows an ascending triangle, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, BNB may be in the third wave of a larger bullish cycle, potentially leading to significant gains. A cup-and-handle pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If BNB holds the $643 support and breaks the $670 resistance, it could target $710 and potentially $800 by the end of summer 2025. Bearish Scenario: A break below $643 could lead to a drop to $625 or even $595, signaling a deeper correction. Conclusion BNB remains in a long-term bullish trend but requires a break above $670 to sustain upward momentum in the short term. Traders should monitor volume and price action at the key $670 and $643 levels. Holding the $643 support is crucial for the bullish outlook.