BNB posted an intraday surge to $650 amid President Donald Trump’s pause on Iran strikes. A broader breakout could push the Binance coin to above $700. If prices drop below $600, it would negate the near‑term bullish setup.

BNB price recorded a sharp intraday rebound on Monday, retaking a pivotal technical zone as the broader cryptocurrency market rallied on news that President Donald Trump has paused planned US military strikes on Iran.

The reported de‑escalation eased investor jitters and helped BNB touch $650, with gains aligning with the spike to above $71,000 for Bitcoin and $2,170 for Ethereum.

​BNB briefly overtook XRP by market cap, hitting roughly $93 billion before relinquishing the fourth spot back to the Ripple token.

The initial surge that pushed the Binance Coin above XRP by market cap came as BTC exploded after President Trump said the US and Iran have held talks. Stocks also spiked as Trump said he ordered a halt to strikes on Iran with a five-day pause.

“I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” wrote Trump in a Truth Social post.

On the talks and what they mean, Trump told Fox News:

“They want, very much, to make a deal. We’d like to make a deal, too. We’re going to get together today. If it goes well, we’re going to end up settling this.”

Oil prices, which have recently soared amid the conflict, fell by nearly double-digits to $88 a barrel for the West Texas Intermediate and $100 a barrel for the international benchmark Brent.

In the meantime, the Dow Jones Industrial Average popped more than 1000 points.

Can BNB price reclaim $700 next, or are bears too strong for bulls?

Technically, BNB is retesting a critical resistance level that has acted as a swing high in recent sessions.

As the daily chart below shows, bulls are looking to push prices above the 20-day exponential moving average.

The chart has RSI signalling an upward bias near the neutral zone, while MACD is hinting at a bullish crossover, having recently posted a histogram with fading upside momentum.

If price makes a decisive break above this zone, the 50-day EMA will offer another hurdle before bulls likely retest $700.

The zone nonetheless aligns with the downtrend line from October 2025.

A bullish continuation above it will open the path toward $950-$1,000.

However, should the upside fail, immediate support lies near $623, followed by a stronger demand zone around $600 and $583.

The post BNB price retests key level amid intraday surge – more gains next? appeared first on CoinJournal.

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