BNB, the native token of the BNB chain, fell 1.7% in the last 24 -hour period, shaken by the growing market restlessness as the conflict between Israel and Iran intensifies and after the president of the United States, Donald Trump, asked the National Security Council to prepare in the situation room.
BNB turned between $ 659 and $ 646 during the day, marking a tight but significant negotiation range. The level of $ 647 has emerged as a support line for the Token, which now looms below it, according to the technical analysis data of Cindensk Research.
Despite the turbulence, the foundations of the BNB chain remain strong.
He prosecuted more than $ 100 billion in decentralized exchange volume (DEX) in the last month, and more than $ 10 billion in the last 24 hours, according to defill.
Investors are now observing the meeting of the Federal Open Market Committee on Wednesday (FOMC) to obtain signals. Any signal on interest rates could influence liquidity, particularly risk assets such as Crypto.
The ETF BNB application of Vaneck also persists in the background, which was submitted in May. If approved, you could open the door to greater institutional participation.
General description of the technical analysis
- The strong support has been formed at $ 647, backed by an increase in volume to 82,311 tokens, almost tripled the average of 24 hours, according to the technical analysis data of Coindesk Research.
- The resistance is rooted between $ 658 and $ 659, an area where the price was rejected twice in a growing volume.
- The graphics per hour reveal an impulse to $ 655, followed by a slight setback at $ 652. This identifies a local resistance to $ 655.70- $ 655.80.
- The sales pressure intensified during the descending. BNB is currently consolidating below the resistance with a bearish inclination, and there is a greater inconvenience if the feeling is still weak.
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