The price of BNB has reached an all-time high amid the slow pace
BNB's price is only 10% away from its previous all-time high and has risen 181.79% this year as the market continues to perform strongly. However, recent indicators, including the ADX and Ichimoku Cloud, suggest that the current uptrend may be running out of steam.
While the bullish structure remains intact, with key resistances within reach, BNB should strengthen to break past all-time highs.
BNB's current growth could not be sustained
BNB ADX is currently at 19, down from over 30 two days ago, indicating a bearish trend. The ADX or Average Directional Index measures the strength of a trend on a scale of 0 to 100 without showing direction.
Values above 25 indicate a strong trend, values below 20 indicate a weak or no trend. The decline in ADX shows that while the price of BNB remains at a high level, the momentum has weakened significantly.
With the ADX at 19, BNB's recent uptrend seems to lack the strength seen in recent days, indicating a consolidation phase or a reduction in buying pressure.
For the uptrend to gain strength, the ADX will need to rise above 25, confirming renewed momentum. Until then, BNB price may go sideways or face further resistance to maintain its bullish direction.
BNB Ichimoku cloud shows mixed signals
BNB's Ichimoku Cloud chart is currently showing a mixed trend. The price is slightly higher than Kijun-sen (orange line) and Tenkan-sen (blue line), which shows some weak momentum.
However, the price hovers near the edge of the cloud (Senko Span A and B), indicating that this trend is not yet decisively strong. The green cloud ahead suggests some medium-term support, but its relatively flat nature indicates some pressure in either direction.
For BNB price to regain strong bullish momentum, it needs to move above the Kijun-sen and away from the edge of the cloud. If it fails to do so and drops back below the cloud, it may indicate the beginning of a bearish trend.
On the contrary, maintaining a position above the clouds and seeing Tenkan-sen rise above Kijun-sen can reinforce stronger progress.
BNB Price Prediction: Will BNB Increase Over 10% and Reach a New All-Time High?
The BNB EMA lines are currently showing a bullish setup, with the short-term EMAs sitting above the long-term. This alignment suggests that the upside remains intact for now, and if BNB price rises again, it could break through key resistances at $667 and $687.
A successful breakout at these levels could push the price to an all-time high of $719.84 and set new records. EMAs continue to support bearish sentiment as long as price is above them.
However, indicators such as ADX and Ichimoku Cloud suggest that the startup may be losing momentum. If a downtrend is observed, BNB price may test critical support levels at $603 or $593.
A drop below these supports may indicate a deeper correction, damaging the current bullish structure.
Disclaimer
In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that our terms and conditions, privacy policies and disclaimers have been updated.
