Binance Coin May Price Prediction: Can BNB Hit $700?

Binance Coin (BNB) recently reignited its price surge after undergoing an important technical test. However, BNB is struggling to maintain momentum due to Bitcoin’s increased volatility.

After last year’s retrospective, BNB spent a significant amount of time around the $300 support. However, this sideways price movement has recently been replaced by a new uptrend. In the past 24 hours, BNB also crossed the $600 level and reached $612 before falling to the current price of $605.

Binance Coin is currently trading at around $605, representing an increase of 10.7% over the past 7 days. Current market sentiment appears volatile and the continuation of the uptrend seems uncertain at this point.

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How high will BNB rise in May?

BNB recently broke through the key psychological level of $600. However, it has struggled to maintain this pace as prices have been volatile, along with the overall market capitalization of cryptocurrencies.

Drawing insights from BNB’s actions in early 2024, crypto experts Changely announced Binance Coin price prediction for May.

It is expected that the coin price could reach an average of $710 during this period. The lowest expected price within the same period is set at $652 and the highest target price is set at $768.The forecast reveals that BNB is likely to reach the $800 level by May.

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After concerns surrounding the Binance exchange shook investor confidence last year, BNB appears to have reawakened the strong fundamental narrative that has underpinned it since its inception.

This week, all eyes are on its next leap forward as Binance Coin decisively regains its bullish momentum and hovers above the $600 level. CoinGecko According to the data, BNB fell by 0.7% in the past 24 hours.

BNB Coin is performing well despite regulatory conflicts surrounding Binance globally. The world’s largest cryptocurrency exchange is currently under intense scrutiny in Nigeria.

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