The cryptocurrency market is browsing turbulent waters as geopolitical tensions and commercial policies remodel the feeling of investors. The recent BNB price action, with a negotiation range of 13.2%, highlights the greater volatility that affects digital assets.
The technical analysis reveals a key support of around $ 540- $ 545 and resistance to $ 565- $ 570, with negotiation volumes that increase during the phases of solutions and recovery, according to the technical analysis data of Coindesk Research.
The implementation of new tariffs under the administration of President Trump has created a domino effect on financial markets. Initially, Bitcoin showed a negative correlation with the actions as the rhetoric of the commercial war arose, but this relationship changed when the feeling of risk seized. According to Binance Research, “macro conditions will be stabilized, new narratives strengthen or reaffirm their role as long -term coverage, could follow renewed growth.”
Meanwhile, BNB Chain continues to expand its ecosystem, recently announcing 16 initial stage projects selected for season 9 of its most valuable builder accelerators program. This initiative aims to admit Web3 builders with necessary resources to prosper within the BNB chain ecosystem, aligning with its mission of incorporating the next one billion web users.
TECHNICAL ANALYSIS
- BNB experienced a significant price turbulence, with a 11.6% drop of $ 589.78 to $ 521.16 before recovering at $ 585.61.
- The general negotiation range of $ 68.62 (13.2%) demonstrates exceptional volatility in recent sessions.
- Key support established around $ 540- $ 545 with resistance to $ 565- $ 570.
- The volume analysis shows an intense sales pressure during the initial decline, followed by a substantial accumulation during recovery.
- The April 9 increase presented volumes greater than 199,000 units, indicating a strong purchase interest.
- The formation of a bullish channel since April 7 suggests that the potential continued the rising impulse.
- In the last 100 minutes of negotiation, BNB decreased 0.5% of $ 578.33 to $ 575.41.
- A descending channel was formed with a significant sales pressure that emerges around 11:03.
- The area of $ 575.00- $ 575.50 has been established as a critical support area with multiple tests.
Discharge of responsibility: This article was generated with AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy. This article may include information from external sources, which are listed below when appropriate.
External references:
- Crypto Daily, “Solana Price Prediction in April: Binance Coin last news and everything you need to know about Viral Altcoin Remittix”, published on April 3, 2025.
- Coinotag News, “Is BNB preparing for a breakdown of the second quarter amid chain metric and growing demand?” Posted on April 9, 2025.
- Ambcrypto, “Is BNB the Altcoin of the Q2? Why Bitcoin investors think so!” Published on April 9, 2025. Ambcrypto+1amcrypto+1
- Crypto Daily, “Solana, Binance Coin (BNB) or Lightchain AI? Why do the main cryptographic investors are choosing Lightchain AI on these two well -known assets”, published on April 5, 2025. Crypto Daily
- Bitcoinworld, “Bitcoin Price: Soblips Shocks Crypto Market while BTC is submerged after touching $ 79,472 amid the growing volatility”, published on April 8, 2025. Bitcoin World
