CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-06-04 00:08:28

Binance Coin (BNB) Price Analysis and Short-term Prediction

The post Binance Coin (BNB) Price Analysis and Short-term Prediction appeared first on Coinpedia Fintech News The altcoin market, led by Ethereum (ETH) and Binance Coin (BNB), has gradually gained ground over Bitcoin (BTC) in the recent past. The Bitcoin dominance in the weekly timeframe has experienced a major resistance level of around 65 percent, thus signaling an imminent reversal to kickstart the 2025 altseason soon. Furthermore, on-chain data shows DeFi projects, led by DEXes such as PancakeSwap ( CAKE ), have recorded a significant increase in daily volume in the recent past Binance Coin Benefits from Robust Fundamentals As the native coin for the Binance ecosystem, BNB has significantly benefited from the notable positive developments of the BSC chain and the crypto exchange. Last week, the United States Securities and Exchange Commission dropped its long-standing case against Binance and its top executives. As Coinpedia reported , the closure of the SEC vs Binance case will not only have a major positive influence on BNB but also to the entire crypto market. Moreover, BNB is a major liquidity source for dozens of tokens based on the BSC chain. What Next for BNB Price In the weekly timeframe, BNB price has been consolidating since March 2024 in a range between $512 and $723. However, the shorter timeframe shows BNB price has been building up bullish momentum. In the daily timeframe, BNB price has been forming a bullish flag pattern after a solid breakout from the first quarter’s crypto correction. As a result, if BNB price consistently closes above $691 in the coming days, a rally beyond $790 will be inevitable. However, a possible close below the support level around $648 will signal further bearish sentiment with the next robust target around $635.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta