Standard Chartered has initiated formal coverage of Binance’s exchange token, BNB, and set out one of the industry’s most detailed long-term trajectories for the asset. In a research note shared with The Block, Geoffrey Kendrick, the bank’s global head of digital-asset research, argues that the token price could accelerate from roughly $600 today to $1,275 by 2025 and $2,775 by 2028, before “plateauing” through 2029. BNB Could Spike By 360% The path implies a gain of more than 360% from current levels and, crucially, situates the token in what Kendrick calls “a benchmark-like role” inside the wider crypto capital structure. “BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” Kendrick wrote. “We expect this relationship to continue to hold, driving the price from around $600 currently to $2,775 by end-2028.” Related Reading: BNB Textbook Support Rebound Sets The Stage for More Upside – See How Standard Chartered’s broader outlook is unabashedly bullish on the majors: Bitcoin is projected to reach $200,000 in 2025 and $500,000 in 2028, while Ethereum is pencilled in at $4,000 and $7,500 over the same horizons. When those forecasts are translated into cross-asset ratios, they reveal subtle shifts in market share. The BTC-BNB ratio—how many BNB one Bitcoin can buy—is expected to tick up from 157 in 2025 to 180 by 2027, then hold steady, implying that Bitcoin’s dollar appreciation is likely to outrun BNB’s. By contrast, the ETH-BNB ratio is seen slipping from 3.14 in 2025 to 2.70 in 2027, signalling that Ethereum may outperform BNB, but more gently than Bitcoin will. Kendrick acknowledges that BNB “may underperform Bitcoin and Ether both in real terms and as measured by market cap in circulation,” yet he contends that its deflationary tokenomics and deep linkage to the world’s largest centralized exchange “support its long-term value.” The research note scrutinises BNB Chain’s architecture. Its “proof-of-staked authority” model rotates just 45 validators every 24 hours—a sharp contrast to Ethereum’s million-plus validator set. Kendrick describes BNB Chain as “highly centralised relative to other chains,” adding that its developer activity has “stagnated” since the 2021 DeFi surge and now trails networks such as Avalanche and Ethereum. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Even so, forthcoming technical milestones are expected to expand the ecosystem’s resilience. Kendrick cites the recently completed Pascal hard fork and the looming Maxwell upgrade, due in June, as examples of “incremental but meaningful” incentives for developers. On the demand side, the token’s fortunes remain tethered to Binance’s trading engine. Holders receive tiered fee discounts calculated on their token balance and 30-day volume—a mechanically enforced use-case that has so far “helped the BNB Chain retain activity even as competition from other ecosystems like Solana grows,” Kendrick notes. PancakeSwap, the dominant decentralised exchange on BNB Chain, amplifies that liquidity loop. Meanwhile, regular token burns, coupled with the fixed-limit supply, underpin a structural deflation that Standard Chartered says justifies the premium BNB commands on its market-cap-to-GDP valuation screen—currently “rich” by the bank’s preferred metric. At press time, BNB traded at $605. Featured image created with DALL.E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
If approved, the fund would be the first exchange-traded fund tied to BNB in the U.S.
The token has traded like an unweighted mix of bitcoin and ether since May 2021, the report said.
Binance's BNB token could rise over 360% in the next few years, according to Standard Chartered's Geoffrey Kendrick.
Binance Coin (BNB) is gaining fresh interest as investors closely watch a potential breakout. The token is facing resistance around $593, with daily trade volume at $1.24 billion. Its market cap is $83 billion. The current trend is being attributed to sustained buying interest and continuous technical cues. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off Traders Identify Triangle Pattern On BNB Chart Technical analysts are keenly watching a triangle price pattern forming on the chart of BNB against USDT’s 1-day chart. As analyst Andrew Griffiths explains, this formation is recognized for contracting price action, whereby the highs become lower and the lows become higher. It typically indicates a significant move in the near future, either higher or lower. #BNB analysis on the 1D chart vs USDT shows price movement within a triangle pattern, indicating room for the current side trend. Potential targets: T1 = $599, T2 = $617, T3 = $644. For risk management, consider Stop-Loss levels: SL1 = $580, SL2 = $559, SL3 = $542, SL4 = $521.… pic.twitter.com/Qku1eChZ4R — Andrew Griffiths (@AndrewGriUK) May 3, 2025 The graph indicates BNB trending in a narrower range for the past few sessions. Such a setup typically indicates that there is a breakout on the horizon. As BNB has been on an upward trend prior to this pattern forming, some assume it will keep going up—if the support zones hold. However, a breach below those support levels might reverse the trend and push the price down. Price Targets Established At $599, $617, And $644 If BNB keeps surging, analysts have cited three possible targets. The first is $599, which is just below the psychological barrier of $600. The second is $617, a place where BNB fought to move above back in March. The third is $644, which is the entire range of the triangle formation. These will likely be checkpoints if there is momentum. BNBUSD trading at $593 on the 24-hour chart: TradingView.com Although short-term bullish indications are there, the token has not yet breached any of these levels. For now, BNB is probing a significant level of support and resisting. This type of price action is typical before bigger moves in either direction. Related Reading: Bitcoin At $100K? $3 Billion In Shorts Are On The Line BNB price seen losing steam by June this year. Source: CoinCodex. BNB: The 32% Prediction In spite of all the short-term hype, a different forecast shows BNB plummeting in the next year. Based on a price forecast, the token might decline by 32% and hit $402 on June 4, 2025. That prediction doesn’t coincide with the existing chart strength, creating an extra layer of uncertainty for long-term investors. Source: CFGI BNB has experienced 15 green days out of the past 30, and its price volatility has been only 2.5%. The sentiment of the market seems to be neutral for the time being, with the Fear & Greed Index standing at 52. Everyone is still focused on the triangle formation and if BNB will extricate itself from it. Featured image from Gemini Imagen, chart from TradingView
BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support zone. The price is now trading near $602 and the 100-hourly simple moving average. There is a key rising channel forming with support near $600 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $598 level to start another increase in the near term. BNB Price Holds Key Support After forming a base above the $592 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum and Bitcoin. The bulls even pushed the price above the $605 level. A high was formed at $611 before there was a minor downside correction. The price retested the $600 support zone. A low was formed at $598 and the price climbed above the 23.6% Fib retracement level of the recent decline from the $611 swing high to the $598 low. The price is now trading near $602 and the 100-hourly simple moving average. There is also a key rising channel forming with support near $600 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $606 level and the 61.8% Fib retracement level of the recent decline from the $611 swing high to the $598 low. The next resistance sits near the $610 level. A clear move above the $610 zone could send the price higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $635 resistance. Any more gains might call for a test of the $650 level in the near term. Another Decline? If BNB fails to clear the $610 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $598 level. The main support sits at $592. If there is a downside break below the $592 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600 and $598. Major Resistance Levels – $606 and $610.
BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615 resistance zone. The price is now trading above $600 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Eyes More Upsides After forming a base above the $580 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum and Bitcoin. The bulls even pushed the price above the $610 level. A high was formed at $620 before there was a minor downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $594 swing low to the $620 high. The price is now trading above $600 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $618 level. The next resistance sits near the $620 level. A clear move above the $620 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $635 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $620 resistance, it could start another decline. Initial support on the downside is near the $611 level. The next major support is near the $607 level and the 50% Fib retracement level of the upward move from the $594 swing low to the $620 high. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $611 and $607. Major Resistance Levels – $618 and $620.
The cryptocurrency market thrives on pivotal make-or-break moments at certain price levels where assets either collapse or catapult higher. For BNB, the $531 support level has proven to be a turning point. After a period of uncertainty, BNB has held this crucial zone and ignited a powerful rebound, confirming a shift in market structure from cautious consolidation to bullish momentum. This resurgence is more than just a technical bounce. It reflects growing confidence among traders, resilient demand at key levels, and a broader market appetite for altcoins as Bitcoin stabilizes. With strong volume, reclaiming key moving averages, and breaking near-term resistance, BNB is signaling that the correction phase may be over. BNB Chart Pattern Signaling Sustained Momentum In a recent post shared on X, UniChartz highlighted that BNB is currently displaying strong bullish momentum after rebounding from a key zone. This level, which once served as a major resistance barrier, has now flipped into solid support, a classic bullish signal that often reinforces the strength of an ongoing uptrend. Related Reading: BNB Price Eyes Breakout, But $600 Remains A Stubborn Ceiling According to the analysis, the successful retest of this zone validates the breakout and suggests that buyers are stepping in. With momentum building and price structure aligning in favor of the bulls, BNB could be primed for further climb if this support continues to hold firm. He further noted that as long as BNB maintains its position above this key support zone, the overall bullish structure remains intact, keeping the momentum firmly in favor of the bulls. This sustained strength reinforces the possibility of a continued climb, with the path toward a new all-time high (ATH) near the $794 level looking increasingly viable. This outlook is supported by the 50-day Exponential Moving Average (EMA), which continues to serve as dynamic support, closely tracking price action and cushioning minor pullbacks. The alignment of price above this moving average further solidifies the current uptrend, suggesting that BNB may be gearing up for a sustained rally if broader market sentiment remains favorable. Breaking Barriers: Key Resistance Levels To Watch Currently, BNB is on the verge of breaking above the crucial $605 resistance level. This level serves as a psychological barrier and aligns with a key technical area where selling pressure has historically emerged. A decisive break above this resistance, especially if supported by a strong surge in trading volume, might signal a clear confirmation of buyer dominance in the market. Related Reading: BNB Price Faces More Downside—Can Bulls Step In? Such a breakout would likely trigger a wave of new buying interest from retail traders and institutional participants. More importantly, clearing this level could open the door for BNB to target higher resistance zones, including the $680, $724, and all-time highs. Until then, traders should watch this level closely because BNB’s response here could shape the trajectory of its next major move. Featured image from iStock, chart from Tradingview.com
Some traders are revisiting the cryptocurrency as a potential safe-haven asset amid economic uncertainty.
Binance Coin (BNB) has continued to show excellent market performance, going up between $575 and $591 over the last week. The cryptocurrency trended upwards between April 13 and April 19, 2025, with significant price leaps on April 17 and 18. As per latest figures, BNB registered a moderate 1.0% gain in the previous 24 hours. Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report BNB One Of Least Impacted By Market Declines While most cryptocurrencies have taken huge losses from their highs, BNB is among the only coins that has exhibited remarkable stability. According to on-chain statistics provider CryptoQuant, BNB, along with Bitcoin, has witnessed little declines compared to other altcoins that dropped as much as 90% from their highs. BNB: The Most Resilient Altcoin in the Crypto Market “While most altcoins have suffered drops of up to -98.5% from their all-time highs, BNB stands out alongside Bitcoin (BTC) as one of the least affected cryptocurrencies” – By @joao_wedson Link ⤵️https://t.co/QLQwJOkfF7 pic.twitter.com/T7Wa6sK6jQ — CryptoQuant.com (@cryptoquant_com) April 17, 2025 The cryptocurrency managed to hit a new all-time high in the recent market cycle, a feat few other digital currencies have achieved. CryptoQuant’s charts reveal BNB appearing in pale red on their charts, which is a much lesser decline compared to other cryptocurrencies that appear in darker shades of red. Common coins such as Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) have experienced dramatic highs and lows with long stretches of lowering value before a rebound. Lesser-known cryptocurrencies such as COMP, DASH, and CAKE were hit the hardest when the market changed. Strong Ecosystem Supports BNB Value The good performance of BNB is not all about price action. CryptoQuant explains that BNB’s stability is due to its real-world applications within the Binance ecosystem. The coin has various roles on the Binance platform, such as being used to pay for transaction fees, trading fees, and running applications on the Binance Smart Chain. A lot of traders like to swap their altcoins for BNB, which keeps people wanting it. BNB has stayed useful over time, helping more people use it and making it one of the best-performing cryptocurrencies today. Market analyst Master of Crypto noted how real-life utilities of BNB put it several steps ahead of other cryptocurrencies without real-world applications. The utility of the coin to sustain the whole ecosystem of Binance will continue to reinforce its market value. Related Reading: Is Shiba Inu On Track To Dethrone Dogecoin? Here’s What The Experts Say Technical Signs Point To Neutral Outlook Despite the overall stability of BNB itself, the technical prediction at the moment would indicate a neutral outlook in the broader market. The Relative Strength Index (RSI) at 48.57 puts it in the middle ground with no strong push in any direction. This RSI reading just tells us that the market is in consolidation and that neither buyers nor sellers are gaining an edge. If the RSI crosses above 50, it would tell us that momentum is steadily building in the direction of the bulls. Conversely, if it drops below 45, what it could indicate is a deterioration of price strength. Featured image from Pixabay, chart from TradingView
BNB price is recovering from the $575 support zone. The price is now consolidating gains and might face hurdles near $585 and $600. BNB price is attempting to recover above the $580 resistance zone. The price is now trading below $585 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $585 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $575 level to start another increase in the near term. BNB Price Faces Resistance After struggling to clear the $595 resistance, BNB price started a fresh decline. There was a move below the $590 and $585 levels, like Ethereum and Bitcoin. A low was formed at $576 and the price is now attempting to recover. There was a move above the $580 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $594 swing high to the $576 low. The price is now trading below $585 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $585 level. There is also a connecting bearish trend line forming with resistance at $585 on the hourly chart of the BNB/USD pair. The next resistance sits near the $588 level and the 61.8% Fib retracement level of the downward move from the $594 swing high to the $576 low. A clear move above the $588 zone could send the price higher. In the stated case, BNB price could test $595. A close above the $595 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $585 resistance, it could start another decline. Initial support on the downside is near the $580 level. The next major support is near the $575 level. The main support sits at $562. If there is a downside break below the $562 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $580 and $575. Major Resistance Levels – $585 and $595.
BNB price is recovering from the $535 support zone. The price is now consolidating gains and might face hurdles near $588 and $600. BNB price is attempting to recover above the $575 resistance zone. The price is now trading above $565 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $560 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $535 level, BNB price started a fresh increase. There was a move above the $550 and $560 resistance levels. It even recovered above the $580 level before the bears appeared, like Ethereum and Bitcoin. A high was formed at $586 and the price recently correcting some gains. There was a move below the $575 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $534 swing low to the $585 high. However, the bulls were active near the $565 support zone. There is also a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair. The price is now trading above $560 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $580 level. The next resistance sits near the $585 level. A clear move above the $585 zone could send the price higher. In the stated case, BNB price could test $592. A close above the $592 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $588 resistance, it could start another decline. Initial support on the downside is near the $570 level. The next major support is near the $565 level. The main support sits at $560 and the 50% Fib retracement level of the upward move from the $534 swing low to the $585 high. If there is a downside break below the $560 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $565 and $560. Major Resistance Levels – $588 and $600.
Binance Coin's wild price swings reflect growing uncertainty as regulatory developments and global economic policies reshape crypto market sentiment.
VanEck is pushing to launch the first US-based spot exchange-traded fund (ETF) tracking the BNB token. On March 31, the asset manager registered a legal entity named VanEck BNB ETF with the Delaware Division of Corporations, marking the first formal move in what could become a full ETF application submitted to the US Securities and […]
The post VanEck seeks to launch the first US BNB ETF amid DeFi momentum appeared first on CryptoSlate.
VanEck's BNB ETF, if approved, would be the first such product listed in the U.S.
BNB price is recovering from the $588 support zone. The price is now correcting gains and might struggle to stay above the $600 support. BNB price is attempting to recover above the $600 resistance zone. The price is now trading below $610 and the 100-hourly simple moving average. There is a short-term declining channel forming with resistance at $610 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $588 level, BNB price started a fresh increase. There was a move above the $600 and $610 resistance levels. It even recovered above the $615 level before the bears appeared, like Ethereum and Bitcoin. A high was formed at $618 and the price is now correcting gains. There was a move below the $615 level. The price dipped below the 50% Fib retracement level of the upward move from the $587 swing low to the $618 high. There is also a short-term declining channel forming with resistance at $610 on the hourly chart of the BNB/USD pair. The price is now trading below $610 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $610 level. The next resistance sits near the $612 level. A clear move above the $612 zone could send the price higher. In the stated case, BNB price could test $618. A close above the $620 resistance might set the pace for a larger move toward the $626 resistance. Any more gains might call for a test of the $635 level in the near term. Another Decline? If BNB fails to clear the $610 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $598 level and the 61.8% Fib retracement level of the upward move from the $587 swing low to the $618 high. The main support sits at $594. If there is a downside break below the $594 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $600 and $598. Major Resistance Levels – $610 and $618.
Outside of the U.S., 21Shares manages the 21Shares Binance BNB ETP, listed on several exchanges across Europe.
The crypto market just got a shock as BNB plunged below the crucial $605 support level, sending ripples of concern across trading circles. This sudden breakdown comes after weeks of bullish dominance, leaving investors scrambling to answer one critical question: Is this a temporary dip or the start of a major trend reversal? With weakening momentum and key technical indicators flashing red, BNB charts are telling a worrisome story. The once-steady uptrend now faces its toughest test as the token struggles to maintain its footing in a suddenly bearish market. Bearish Pressure Builds: Are BNB Sellers Gaining Control? BNB’s price is facing growing bearish pressure after slipping below the crucial $605 level, signaling a potential shift in market momentum. The failed attempt to hold this key support has allowed sellers to take control, pushing BNB lower and raising concerns about a prolonged decline. Related Reading: BNB Bulls Take Charge: Price Rebounds Strongly After Recent Dip Technical indicators further confirm the increasing strength of sellers. The MACD has turned negative, indicating a loss of upward momentum, while the RSI is trending downward, suggesting that buying pressure is weakening. Additionally, trading volume remains low on attempted rebounds, highlighting a lack of conviction from bulls. If sellers maintain their grip, BNB could extend its decline toward the next major support zone around $531, which previously served as a short-term bounce level during past corrections. A break below this zone would solidify bearish dominance and cause a deeper decline to $500. Below $500, the next key level to watch is $454, representing a technical support area. Pushing below this level may trigger an extended sell-off, driving BNB toward other key support levels where traders may look for signs of reversal. What Needs To Happen For A Rebound For BNB to stage a meaningful recovery after breaking below $605, the bulls must reclaim key levels and generate strong buying momentum. Its first crucial step is stabilizing above $530, a short-term support zone that could provide the foundation for a reversal. Holding this level would signal that buyers are stepping in, preventing more declines. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? A sustained move back above $605 would be the next major confirmation of a recovery. Reclaiming this level as support might shift market sentiment in favor of the bulls and trigger renewed buying interest. Additionally, the Relative Strength Index (RSI) needs to rebound from oversold conditions, while the MACD crossover into bullish territory would reinforce an upside move. For a stronger bullish outlook, BNB would need to push past $680, a level that previously acted as resistance. Breaking above this zone with increasing volume could confirm a trend reversal toward $724 and $795, marking a full recovery from recent losses. Featured image from Adobe Stock, chart from Tradingview.com
BNB price is recovering from the $600 support zone. The price is rising and might aim for a fresh move toward the $640 resistance. BNB price is moving higher above the $620 resistance zone. The price is now trading below $630 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $627 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $615 level to start another increase in the near term. BNB Price Eyes Upside Break After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $618 and $610 resistance levels. It even recovered above the $625 level, like Ethereum and Bitcoin. There was a break above the 23.6% Fib retracement level of the downward move from the $645 swing high to the $615 low. The price is now trading below $630 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $628 level. There is also a connecting bearish trend line forming with resistance at $627 on the hourly chart of the BNB/USD pair. The next resistance sits near the $630 level or the 50% Fib retracement level of the downward move from the $645 swing high to the $615 low. A clear move above the $630 zone could send the price higher. In the stated case, BNB price could test $638. A close above the $638 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $630 resistance, it could start another decline. Initial support on the downside is near the $622 level. The next major support is near the $615 level. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $622 and $615. Major Resistance Levels – $628 and $630.
After a brief yet necessary cooldown, BNB is back in action, regaining bullish momentum and resuming its uptrend. The recent pullback provided a much-needed reset, allowing buyers to step in near the $605 support level and strengthen the foundation for a renewed climb. Now, with increasing buying pressure, BNB is making another push toward key resistance levels, signaling that the rally may not be over just yet. However, breaking through overhead resistance will be a crucial test for bulls. If buying pressure continues to build, BNB could push toward new local highs. Meanwhile, if bears step in at key levels, another retracement could be on the horizon. Technical Rebound: Charting The Recovery Momentum After a strong rally, BNB experienced a brief pullback, allowing the market to cool off before resuming its upward trajectory. Rather than signaling a reversal, this dip served as a natural correction, shaking out weak hands while providing strong support for the next move. Related Reading: BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets During the pullback, BNB found support at a crucial level, preventing a deeper decline and reinforcing bullish confidence. The consolidation phase also helped ease overbought conditions, resetting momentum indicators like the Relative Strength Index (RSI) and allowing for a more sustainable climb. Additionally, the price is currently holding above the 100-day Simple Moving Average (SMA). As long as the price remains above the 100-day SMA, the uptrend remains intact, suggesting the potential for further gains. As BNB continues its recovery, key resistance levels will play a crucial role in determining the strength of its uptrend. The first major hurdle lies at $680, a psychological and technical barrier where previous rejections have occurred. A decisive break above this level could attract more buying pressure, paving the way for more growth. Beyond $680, the next resistance to monitor is around $725, where sellers previously stepped in during the last rally. Clearing this zone would signal strong upward movement and open the door for a potential test of the $795 mark, a key milestone that might fuel further upside. BNB Bearish Risks: What Could Halt The Uptrend? Despite BNB’s renewed bullish momentum, several factors could stall its upward movement. One key risk is failure at critical resistance levels, particularly around $680. A rejection at these points combined with declining buying pressure, would trigger a pullback and encourage profit-taking. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Another concern is weak trading volume. If BNB’s rally lacks sufficient volume support, it may indicate waning investor confidence, making it easier for sellers to regain control. Additionally, if indicators like the RSI enter the overbought territory without strong price follow-through, a correction could be imminent. Featured image from Unsplash, chart from Tradingview.com
BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone. This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout was backed by genuine buying pressure rather than short-term speculation. With the $605 level now acting as a springboard, the stage is set for BNB to target higher price levels in the coming days or weeks. BNB Price Action: Stability Above $605 Signals Strength BNB’s ability to hold above the $605 resistance level after breaking through reflects growing bullish momentum. Its stability indicates that buyers are defending the breakout level, reinforcing its significance as a new support zone. Sustained trading above this level could pave the way for further gains toward targets near $630 and $650. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Technical indicators reinforce the strength of BNB’s breakout, signaling that bullish momentum remains intact. The MACD continues to trend in positive territory, with the MACD line staying above the signal line. This positioning suggests that buying pressure remains dominant, and the possibility of further gains remains strong. Additionally, the histogram bars are expanding, reflecting increasing bullish momentum. Furthermore, the 100-day Simple Moving Average (SMA) acts as dynamic support, with BNB trading above it, which implies that the broader trend remains bullish, and any dips toward this level could present buying opportunities. If BNB maintains its momentum, it could target $680, strengthening its bullish outlook. A breakout above the level may attract more buyers, increasing the chances of a sustained rally. Presently, the $680 serves as a key resistance, and clearing it with strong volume is likely to spark a move to $724 in the medium term. Support Zones To Watch In Case Of A Pullback If BNB experiences a pullback, the $605 level will be the first key support to watch, as it has flipped from resistance to support. Holding this level could reinforce bullish momentum and signal that buyers are defending the breakout. Related Reading: Binance Coin Critical Test: Will BNB Hold Or Plunge To $214? However, if selling pressure increases and $605 fails to hold, the $531 demand zone comes into play, which has historically provided strong support. A rebound from this level would indicate buyer strength, but a break below will expose BNB to more downside before another bullish attempt. An extended correction could bring $500 into focus, which aligns with the 100-day SMA and has previously served as a significant pivot point for price rebounds. Featured image from Adobe Stock, chart from Tradingview.com
Memecoin launchpad on BNB Chain, Four.Meme has restored its token launch function following an exploit that resulted in a $130,000 loss. In a March 18 post on X, the Four.Meme team confirmed it had suffered an attack, prompting an emergency suspension of its launch function. The platform stated: “Currently, Four.Meme is under attack, and the […]
The post Four Meme handles second exploit in months, reinstates launch service appeared first on CryptoSlate.
BNB is among today’s market leaders after seeing a 5% surge in the past 24 hours. Amid its recent performance, the token is retesting key levels, leading some market watchers to forecast new highs could be around the corner. Related Reading: 130,000 Ethereum Moved Off Exchanges – Bullish Signal? BNB Retest Key Resistance Levels On Monday, BNB crowned itself as one of the best-performing tokens among the top 100 cryptocurrencies after climbing back to a key level, attempting to break from its downtrend. The token has retraced around 20% since hitting its all-time high (ATH) of $793 on December 5, 2024, losing the $700 support zone amid the Q1 market retraces. Since February, its price has hovered between the $500-$700 range, hitting a 6-month low in February. During last Monday’s correction, the cryptocurrency retested the range lows again, briefly touching $510 before bouncing. Nonetheless, the token has recovered 18% from last week’s bottom, hitting a monthly high. Notably, BNB attempted to reclaim the $600 level over the weekend, failing to hold it until Sunday night. The cryptocurrency surged 7.7% in the following hours, hitting $643 on Monday morning before retracing. Crypto analyst Carl Runefelt pointed out that after reclaiming the $600-$620 horizontal level, the token targets its three-month descending resistance line at around $650. According to Runefelt, the token has “all the chances” to break this downtrend line once it “gains some foothold” above the recently reclaimed horizontal levels Meanwhile, AMCryptoAlex highlighted that BNB broke out of an inverse Head and Shoulders pattern following its performance. Alex also noted that the token surged above the $620 barrier, printing “consistent green candles above the crucial resistance level,” which suggests that it is “primed for more upside.” BNB Chain Surpasses Solana’s DEX Volume Ted Pillows also affirmed that BNB’s chart looks promising, with a “double-bottom pattern along with fundamentals getting better.” The analyst highlighted that the BNB Chain has surpassed Solana’s decentralized exchange (DEX) volume in the past 24 hours, which could fuel the token’s rally to reclaim the $640 level. To him, “Once that happens, BNB will hit a new ATH in no time.” Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target According to DeFiLlama data, BNB Chain’s trading volume surged to $1.64 billion on Sunday, surpassing Solana’s $1.07 billion registered on March 16. The network’s DEX trading volume has also increased by 13.27% over the past week, ranking third during this timeframe. The surge seems to be fueled by its recent memecoin frenzy, which has been driven by tokens like Mubarak (MUBARAK). The token has seen a trading volume of around $300 million in the past 24 hours, with its price surging 99% in the past day. Meanwhile, Solana’s network has been experiencing bearish sentiment from crypto investors following the performance of TRUMP and MELANIA, the memecoins of the US President and First Lady, and the crash of the Argentina-backed LIBRA token. At the time of writing, BNB trades at $627, a 4.18% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Many investors dismiss BNB as simply "the Binance coin," but that designation fails to recognize the potential arising from its broader value unlock, says Osprey Funds’ Matt Gerics.
BNB is making a strong comeback as bullish momentum picks up following a recent dip, sparking renewed optimism among traders. After facing significant selling pressure, the price found solid support at the $500 mark, allowing buyers to step in and drive a sharp rebound. This renewed strength suggests that BNB could be gearing up for a larger recovery, with key resistance levels now coming into play. Market sentiment appears to be shifting in favor of the bulls, but challenges remain. The price must overcome crucial resistance zones to confirm a sustained uptrend, while technical indicators will play a key role in determining whether this recovery has enough strength to continue. BNB Strong Rebound: What’s Driving The Recovery? BNB has staged a strong comeback following its recent dip. The price rebound comes as buyers step in at the $500 critical support level, preventing further downside and fueling a fresh upward move. This shift suggests growing confidence among investors, with increased accumulation at lower levels helping to stabilize the price. Related Reading: BNB Price Shows Strength—Is a Comeback in Play? A notable rise of over 34% in trading volume further reinforces the recovery, potentially driving additional upside. Additionally, improving sentiment across the broader crypto market has contributed to BNB’s momentum, providing a more favorable environment for price appreciation. Presently, the RSI indicator is gradually approaching the 50% threshold, hinting at a possible shift in momentum. A successful move above this level could bolster buying pressure, reinforcing the ongoing recovery. However, if the RSI struggles to break past 50%, it may suggest that bullish momentum remains weak, leaving room for potential price fluctuations Despite the recovery, key resistance levels still stand in the way of a sustained uptrend. Bulls must maintain momentum and push the price above these hurdles to confirm continued strength. If the rally stalls near the resistance, consolidation or another pullback could follow, making it crucial to watch. Key Resistance Levels That Could Challenge The Bulls While BNB pushes higher, key resistance levels continue to hinder its upward trend. The first major hurdle is at $605, a level where selling pressure previously emerged, leading to a price rejection. A break above this zone could open the door for further gains. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs Beyond this, the next resistance to watch is $680, a historically significant level that may determine whether BNB extends its recovery or faces renewed bearish pressure. If bulls can gather enough momentum to clear these barriers, it would strengthen the case for a continued rally. However, a rejection at resistance might indicate that buyers are losing steam, potentially leading to another retracement toward lower support zones. Featured image from Medium, chart from Tradingview.com
BNB price is recovering from the $550 support zone. The price is rising and might aim for a fresh move toward the $635 resistance. BNB price is moving higher above the $585 resistance zone. The price is now trading below $595 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $588 level to start another increase in the near term. BNB Price Eyes Fresh Surge After forming a base above the $550 level, BNB price started a fresh increase. There was a move above the $565 and $570 resistance levels. It even recovered above the $588 level, beating Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the downward move from the $637 swing high to the $548 low. There is also a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB/USD pair. However, the bears seem to be active near the $605 and $606 levels. The price is now trading above $600 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $606 level. The next resistance sits near the $616 level or the 76.4% Fib retracement level of the downward move from the $637 swing high to the $548 low. A clear move above the $616 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $634 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $606 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $595 level. The main support sits at $588. If there is a downside break below the $588 support, the price could drop toward the $570 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600 and $595. Major Resistance Levels – $606 and $616.
Brazilian football legend Ronaldinho Gaúcho has launched STAR10, his official crypto on the Binance Smart Chain (BNB Chain). The project aims to offer token holders exclusive perks while celebrating his football legacy. In a March 2 post on X, the football star said: “My new one and ONLY OFFICIAL token is HERE! It’s time to […]
The post Ronaldinho token STAR10 launches amid insider trading concerns and security vulnerabilities appeared first on CryptoSlate.
Losses in crypto markets mirrored those in U.S. equities after lesser-than-expected earnings from technology stalwart Nvidia failed to wow investors.
BNB price is recovering from the $595 support zone. The price is rising and might aim for a fresh move toward the $632 resistance. BNB price is moving higher above the $610 resistance zone. The price is now trading below $630 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $595 level to start another increase in the near term. BNB Price Eyes Fresh Upside Break After forming a base above the $590 level, BNB price started a fresh increase. There was a move above the $600 and $610 resistance levels. It even recovered above the $612 level, beating Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the downward move from the $632 swing high to the $5995 low. However, the bears seem to be active near the $615 and $618 levels. There is also a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB/USD pair. The price is now trading below $620 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $618 level. The next resistance sits near the $622 level or the 76.4% Fib retracement level of the downward move from the $632 swing high to the $5995 low. A clear move above the $622 zone could send the price higher. In the stated case, BNB price could test $632. A close above the $632 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $622 resistance, it could start another decline. Initial support on the downside is near the $602 level. The next major support is near the $600 level. The main support sits at $595. If there is a downside break below the $595 support, the price could drop toward the $588 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $600 and $595. Major Resistance Levels – $622 and $632.