BNB and DOT Retest Key Supports as Market Sells Off Ahead of Crypto Summit
BNB (BNB) and DOT (DOT) are retesting key areas of support today as selling pressure accelerated during the American session.
Keep up with what's happening in the crypto world in real-time.
BNB (BNB) and DOT (DOT) are retesting key areas of support today as selling pressure accelerated during the American session.
Bitcoin is trying to form a higher low at $85,000, but the recovery attempt faces stiff resistance at $90,000, signaling a tough battle between the bulls and the bears.
The crypto market is still very volatile as the combined capitalization dropped by 1.98% to $2.91 trillion, with a mild drawdown from Bitcoin and altcoins like Binance Coin (BNB). The BNB price is in pursuit of stability as bulls fight to maintain the psychologically important level around $600 after facing rejection at this level a few times over the past 24 hours,
PancakeSwap, a leading decentralized exchange (DEX) operating on nine blockchain networks, set a new record for trading activity in January and February 2025. It has achieved the highest monthly trading volume since 2021.
Binance Coin (BNB) has shown impressive relative strength, outperforming many other cryptocurrencies during recent market downturns. As the broader crypto market has experienced pullbacks, BNB has managed to maintain key price levels, reflecting the coin's solid position.
BNB shows market strength at $690-$730 range with a potential double bottom pattern forming, while USDC gains market share on Binance amid regulatory compliance efforts.
Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential high of $1,292 in 2025. Binance price may reach a maximum of $2,749 by 2030. With the broader market witnessing increased price volatility, the cryptocurrency market is expected to head toward a new high soon.
Binance showing strength, as price action forms potential double bottom that could spark a reversal.
Binance Coin (BNB) has been making waves in the cryptocurrency market, demonstrating resilience in the face of broader market volatility. Despite the challenges faced by major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), BNB has largely outshone altcoins, fueled by its strong ecosystem and active market participation.
BNB price shows recovery from $550 support with 5% daily gains, but faces strong resistance at $606
This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum closes another week in red after the price fell by 3%.
BNB price is recovering from the $550 support zone. The price is rising and might aim for a fresh move toward the $635 resistance.
The bulls continued to defend $534 from the bearish onslaught, but BNB likely does not have the strength to surpass the $700 mark.
Bitcoin struggles to overcome $90,000 as bears attempt to hold the level as resistance, but BTC and altcoin charts suggest the upside is the most likely path that prices will take.
Binance Coin (BNB) is under pressure, slipping below the $600 mark as the broader crypto market struggles with renewed volatility. Investors are now watching a key support zone that previously triggered a strong rebound.Yesterday evening UTC (March 4), BNB revisited the $560 level, a critical support area last tested in early February.
BNB is down 8% in the last 30 days, but its correction remains notably less severe than those of BTC, ETH, XRP, and SOL. The overall crypto market slumped nearly 10% today, while BNB remains resilient.
Binance Coin (BNB) has experienced notable volatility recently, dropping back to the $560 level—a price point it first revisited in early February. At that time, bulls managed to defend the $560 support zone, which led to a temporary bounce toward $721.
The downtrend in the Open Interest and the price in the past three months highlighted bearish market sentiment.
The 4-hour chart of $BNB shows a bearish breakout from a triangular pattern, suggesting a deeper decline in the ongoing downtrend that began on February 14. Technical indicators, such as the EWO and RSI, display convergence, while the MACD signals a bearish crossover. Additionally, volume has decreased, reinforcing the idea of a correction.
BNB Chain enhances AI agents' role in Web3 by providing innovative solutions and platforms, fostering decentralized AI ecosystems and multi-agent collaborations.
Binance Coin (BNB) has recently seen significant volatility after breaking its ascending trendline, causing a sharp decline to the $500 level. However, the coin has since found support near $560, presenting an important inflection point for its future direction.
BNB's potential double bottom at the $560 price level could determine its next trajectory.
BNB Chain is implementing significant upgrades to Binance Smart Chain to handle increasing meme coin activity, including transaction throughput improvements and a $4.4 million liquidity program.
The crypto market is going up at the beginning of the week, according to CoinStats.