Invezz 2026-03-30 14:57:31

BNB price outlook: can Binance Coin hold $600 support?

The BNB coin is trading slightly higher on Monday as bulls look to retest last week’s highs around $650. While a modest rebound as traders rotate back into large-cap altcoins alongside Bitcoin’s bounce could fuel further gains, the risk of a fresh dump remains. This outlook follows the Binance Coin's pullback from this year’s highs amid a cautious tone that has dominated the crypto market in March. BNB price up as daily volume spikes 98% The BNB token reclaimed the $600 mark after briefly sliding to intraday lows near $598 in early trading on Monday. Bulls managed to tick up to around $620 as buyers stepped in on the dip, with the recovery unfolding in tandem with a broader uptick across major altcoins. Ethereum, XRP, and Solana all moved higher after sweeping to intraday lows alongside Bitcoin, with BTC having touched lows of $63,971. A spike in volume accompanied the downturn and subsequent flip, resulting in modest gains for BTC as bulls reclaimed $67,800. Market data shows BNB changing hands just above $618 in the past 24 hours at the time of writing. The token is slightly in the green even as overall conditions remain far from euphoric. However, what stands out beneath the surface is the near‑doubling of daily trading volume. Data from CoinMarketCap indicates BNB’s 24‑hour turnover is rising by close to 98%, signaling renewed participation after a subdued spell. This suggests that the latest uptick from intraday lows is not purely a low‑liquidity drift, but one supported by more active spot flows. Traders are positioning amid short‑term volatility pockets tied to ecosystem sentiment and broader geopolitical headwinds. Can BNB extend gains? Despite trading above $618 at the time of writing, BNB remains under pressure on higher time frames. The altcoin is down 4% over the past week, which pared its gains over the past month to only 3%. Moreover, bulls continue to hover well below the month-to-date peak near $680, and are significantly off the year‑to‑date highs near $950. As such, the latest move is a recovery within a wider corrective structure rather than a clear resumption of the prior uptrend. From a technical perspective, price recently slipped below an ascending channel and the value area around $622. Losses risk shifting the short-term market structure to bearish, with greater emphasis now on the $607–$611 zone as a key support band. BNB price chart by TradingView As long as BNB holds this zone, analysts see scope for further attempts to reclaim $630-$650. Bulls could extend toward the $700 mark next, particularly if Bitcoin continues to stabilize and broader risk sentiment improves. However, a decisive daily close below $607 would likely confirm a renewed bearish continuation. In this case, the BNB price could risk a deeper retracement toward $590. The last time BNB price hovered lower was when it bounced from lows of $532 in March 2025. The post BNB price outlook: can Binance Coin hold $600 support? appeared first on Invezz

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