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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.

Brazilian football icon Ronaldinho has made his foray into the cryptocurrency space with the launch of STAR10, a digital token built on the BNB Chain. The post Ronaldinho Launches STAR10 Token on BNB Chain, Insider's Investment Skyrockets appeared first on Cryptonews.

Binance Coin (BNB), the native token of the Binance exchange, has experienced notable growth despite facing market challenges. The coin has seen fluctuations, but its overall trajectory points toward potential gains.

While BTC and ETH saw steep declines, BNB remained resilient. Stablecoin dominance added to Binance's strength.

As the markets break into a frenzy following President Trump's executive order for a Crypto Strategic Reserve, BNB is noticeably absent from the announcement. Binance founder Changpeng Zhao (CZ) is eyeing the addition of BNB to the Strategic Reserve at a later date while urging community member to remain chill.

Cryptocurrency prices have been highly volatile in the past few days. Bitcoin price has moved from last week's low of $75,000 to over $85,000. The total market cap of all cryptocurrencies has moved to $2.8 trillion, while crypto fear and greed index has dropped to the extreme fear zone.

Former Binance CEO Changpeng Zhao has announced plans to support the BNB Chain ecosystem by providing liquidity to weekly program winners while firmly addressing attempts to gain his attention through token donations. In an X post on Feb.

Changpeng Zhao, former CEO and co-founder of Binance, plans to add several BNB in liquidity to the weekly winning meme projects from the BNB chain competition. CZ has claimed that this will help boost the BNB ecosystem.