Altcoins News
By Steven Anderson
1 / 13
Struggling to Break the $640 Resistance. On the 4-hour price chart, BNB has experienced a V-shaped reversal from a recent low of $531.
2 / 13
Binance Smart Chain Growth Could Fuel Future Price Action. Despite the short-term uncertainty around BNB’s price, there is significant optimism surrounding…
3 / 13
Key Price Levels for BNB. Technical analysis of BNB’s price reveals that the breakout above the $640 resistance level will…
4 / 13
Conclusion. Binance Coin is at a critical juncture, with its price struggling to break through the $640…
5 / 13
Binance Coin (BNB) has recently experienced some volatility in the market, as it struggles to break through a crucial supply zone at the $640 mark.
6 / 13
As of March 19, 2025, BNB is trading at around $617, showing a 7-day return of 11.39%. However, after a brief recovery, the token price is beginning to lose steam, with an…
7 / 13
At present, the pullback is testing the 50% Fibonacci retracement level at around $617, a critical point that could dictate the direction of the price in the short term.
8 / 13
Additionally, the Supertrend indicator, which previously suggested an uptrend, has now indicated a bullish line at $601.9, providing some support for BNB’s price.
9 / 13
Despite the short-term uncertainty around BNB’s price, there is significant optimism surrounding the growth of the Binance Smart Chain (BSC).
10 / 13
The BSC network has recently surpassed Solana in daily decentralized exchange (DEX) trading volume.
11 / 13
Bridging activity has also increased significantly, particularly from Ethereum, adding to the growing demand for BNB.
12 / 13
Technical analysis of BNB’s price reveals that the breakout above the $640 resistance level will be crucial for confirming the next bullish phase.
13 / 13
However, if the price faces further rejection at the $640 supply zone or a deeper pullback occurs, key support levels lie at the 38.2% Fibonacci level around $595 and the 23.
The Currency Analytics
Want the full story?