BNB's price is on an upward trajectory, currently trading above the $700 mark. This movement follows a significant increase from the $650 support zone. Recently, BNB surged past a key resistance at $705 on the hourly chart, suggesting a bullish outlook.

The pair's rise over $705 indicates potential further growth, aiming to surpass resistances at $735 and possibly reaching $750. A breach beyond this could target the $762 resistance, setting the stage for even higher levels.

If BNB can't break $735, a decline is possible, with supports at $705 and $700. A deeper fall could test $675, signaling a bearish trend. Technical indicators like the MACD and RSI suggest bullish positioning currently.