BNB Breakout Watch: Can It Reach $632.77?

BNB has been trending upward on its hourly chart, with higher lows consistently pushing the price toward recent peaks. Currently hovering around $598.11, BNB is resting just above its immediate trendline while buyers eye higher resistance targets.

The key level to watch is $602.78, a breakout hurdle that could clear the path for a major extended target at $632.77. However, if the price breaks down and closes below $588.11, the short-term bullish picture would break apart, exposing lower targets at $581.62 and $573.75.

The RSI indicator is hovering around 53.83, showing buyers still hold an edge above 50. However, the subtle bearish divergence suggests momentum may be slowing near recent swing highs.