BNB Price Prediction Points to Possible 15% Surge as Smart Money Anticipates Breakout

Bullish signals have emerged in the latest BNB price prediction, pointing to a potential breakout. Binance Coin (BNB), the native token of the Binance exchange, has recently been consolidating in a sideways pattern, with no clear direction. However, despite this stagnation, key technical indicators suggest that a 15% price surge may be on the horizon, attracting attention from smart money investors who are betting on a breakout.

BNB Price Prediction: Binance Coin Consolidates as Smart Money Accumulates

Over the past week, BNB’s price has been moving sideways, leaving many traders wondering whether the altcoin would break out in an upward or downward direction. However, despite this price consolidation, behind-the-scenes data reveals something intriguing.

Between September 6 and 12, BNB’s Price trended upward in an attempt to breach the critical $560 price level, which has served as long-term support. Although these efforts failed, resulting in a continued sideways price trend.

Savvy investors have noticed something different. A bullish divergence has begun to form in BNB’s Chaikin Money Flow (CMF), indicating that while the price remains flat, buying pressure is increasing.

This bullish divergence suggests that smart money—those with insider knowledge or advanced trading strategies—is accumulating BNB in anticipation of a breakout. As a result, traders are paying close attention to BNB price prediction, expecting a significant price movement soon

As crypto analyst Tom Lee of Fundstrat Global Advisors noted: “This accumulation phase is classic in technical analysis. When you see buying pressure increasing with little price action, it’s often a sign of a looming breakout.”

In addition to the Chaikin Money Flow, another technical indicator is supporting the BNB’s positive Long/Short ratio. Currently, this ratio stands at 1.04, signaling that more traders are taking long positions on BNB than short positions. Essentially, investors are betting on a price increase rather than a decline.

Historically,when a cryptocurrency’s Long/Short ratio is above 1, it often reflects market confidence in an upward price trend. Therefore, this metric confirms the growing bullish sentiment around BNB price prediction.

Blockchain expert and trader Michaël van de Poppe also weighed in on this sentiment: “When we see a positive Long/Short ratio, it typically indicates market optimism. The BNB price prediction is certainly pointing to the possibility of a sharp upward movement, especially with strong buying activity beneath the surface.”

Why $598 is the Key Resistance Level

For BNB price prediction to materialize into the anticipated 15% surge, the coin must overcome one major obstacle: the resistance level at $598. Since July, BNB has tested this resistance level on three separate occasions, failing to break through each time. However, if BNB can successfully retest and surpass this barrier, it could spark a significant rally.

A breakthrough at $598 would likely propel BNB to new highs, with the next key target being $645.90. Reaching this price would represent a three-month high for Binance Coin and further solidify its bullish trend.

Technical analyst Josh Rager commented on the importance of this resistance level: “Breaking above $598 would be a pivotal moment for BNB price prediction. This level has been a psychological and technical barrier for months. A decisive break could quickly push the price to $645 or beyond.”

While the bullish BNB price prediction is gathering momentum, it’s important to acknowledge the risks. If the BNB price breaks out of its consolidation in a downtrend, its price will plummet toward support at $468.90. A breakdown below this level would invalidate the bullish outlook and potentially lead to further losses.

However, given the current accumulation of BNB by smart money and the positive technical indicators, many analysts believe that the downside risk is limited. The overall market sentiment is leaning toward a bullish breakout rather than a collapse.

As of now, the BNB price prediction is painting an optimistic picture for traders and investors. With increasing buying pressure, a positive Long/Short ratio, and growing market confidence, the likelihood of BNB breaking above $598 is rising. If this breakout occurs, the price could surge by up to 15%, bringing BNB to the $645 range.

However, as with all cryptocurrency predictions, there are no guarantees. Traders should closely monitor key resistance and support levels to make informed decisions. In the meantime, all eyes are on BNB as smart money continues to bet on its upside potential. Get more from The Bit Gazette