Technical analysis by ArShevelev about Symbol BNB on 5/13/2025

Hey traders! Binance Coin is showing some promising action that’s got me on the edge of my seat! We’ve got a clear rising channel in play, with BNBUSDT moving beautifully in sync with a fractal line pattern shown above the chart — mirroring past price behavior like a roadmap! BNBUSDT is currently trading at $650, I think price will continue bouncing between the channel’s support at $620-$600 and move upwards to the key resistance target at $700-$720. A breakout above this resistance could send BNB soaring to new highs, potentially targeting $800 or beyond!However, if BNB fails to break through, we might see a pullback to the channel support at $620-$600. Key Levels to Watch: Resistance: $700-$720Support: $620-$600Breakout Target: $800+Breakdown Risk: $600Is BNB about to blast through $720, or will it retreat below support? Let’s hear your thoughts below!