BNB tests key $690-$700 support, analysts warn of risk toward $625 and below

Binance Coin (BNB), the native token of the Binance exchange, is approaching a pivotal technical level after retreating from its late-October highs near $750. Recent trading placed BNB around $694–$696, with buyers and sellers closely eyeing the $690–$700 region as a decisive support zone. BNB remains positioned above its 200-day simple moving average, which stands near $657, maintaining an element of longer-term bullish structure despite a recent pullback. However, negative momentum indicators, including a falling Moving Average Convergence Divergence (MACD) and resistance from shorter-term moving averages, signal that a sustained recovery is yet to emerge. The current price range aligns with a weekly breakout retest zone highlighted by independent analyst MarzellCrypto.

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