BNB Price Prediction in May: Short term Outlook; First ETF Coming

BNB, the primary token of the Binance ecosystem and BNB Chain, has demonstrated strong resilience and growth in recent weeks. As of early May 2025, BNB is trading in the mid-$580s to low-$600s range, just below the significant psychological barrier of $600 that has acted as resistance.

The overall backdrop of the crypto market is positive, with Bitcoin nearing its all-time high of around $94,000 as of the beginning of May, indicating healthy liquidity and positive sentiment across digital assets.

In terms of technical analysis, BNB’s price movement has been consolidating within a tightening range, forming a triangle pattern on the daily chart, which typically signals an impending significant breakout.

Currently, BNB is facing resistance in the $593–$600 range, with analysts pointing to potential upside targets of $617 and even $644 if bullish momentum strengthens. On the downside, support levels to monitor include approximately $575–$580, followed by deeper support around $559 and $542 in case of increased selling pressure.

Recent on-chain metrics indicate robust network usage and accumulation by large holders, with a surge in daily active addresses and an increase in whale-sized transactions. Market sentiment also suggests growing interest in BNB from large holders.

Moreover, recent developments such as VanEck’s filing for a U.S. ETF based on BNB and ongoing token launches leveraging BNB by Binance are contributing factors to the positive outlook for BNB’s price.

Looking ahead, BNB could potentially climb into the $620–$650 range in the next 1–4 weeks, with the potential for a breakout above its recent range. Traders are advised to monitor key levels and factors that could influence BNB’s price movement in the near term.

In conclusion, BNB is expected to remain in the low-$600s in the coming weeks, with a bias towards an upward trajectory if the overall crypto market maintains its health. While volatility is inherent in the crypto space, BNB holders have reasons to be cautiously optimistic, considering the various factors at play.