Unlike other crypto coins BNB has had not much of a fall from it’s peak but now there could be a shorting opportunity based on resistance levels.
In this article, we will look at BNB next target by looking at price chart and technicals.
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BNB Next Target
- Price: $604.07 USD
- Market Capitalization: Approximately $85.63 billion USD
- 24-Hour Trading Volume: Approximately $1.39 billion USD
- Circulating Supply: Approximately 142.47 million BNB
- Total Supply: Data not available
Price is in a Downtrend, trading in a Channel Down pattern. Meanwhile, price reached a stiff resistance zone: $620 horizontal resistance, 200-day Moving Average ($630) and Channel resistance trendline.
Momentum (MACD Histogram) is also weakening. Swing traders could consider Short Selling in this area with $550 target.
Technical Indicators
- Relative Strength Index (RSI): Approximately 34, indicating oversold conditions.
- Moving Averages
- 50-day MA: BNB is struggling to reclaim this level.
- 200-day MA: Serving as strong support.
- Support and Resistance Levels
- Support: Around $600
- Resistance: Immediate resistance at $650
Recent Developments
- Market Performance: BNB has experienced a slight decline, trading at $622.83 as of March 29, 2025, with an intraday high of $637.36 and a low of $615.91.
- Delisting Announcement: Binance announced that, effective March 28, 2025, it will delist and cease trading for several currencies and trading pairs, including Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA).
- Regulatory Environment: Former U.S. President Donald Trump’s support for cryptocurrencies is influencing global regulatory landscapes. His pro-crypto stance is attracting companies toward the U.S., potentially overshadowing new EU digital asset regulations.
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