According to Coindesk Research’s technical analysis model, the BNB’s resistance level is $654, and a surge in global unrest has driven price volatility after the ongoing war between Israel and Iran.
In briefly over $650, symbolizing a decline, showing signs of stress while broader market specifications. The Coindesk 20 index remained flat for the last 24 hours of trading. BNB prices fell as cryptocurrency markets as Donald Trump calls on Iran’s “Unconditional surrender”, after saying that the country’s leaders were “easy goals.”
In predicting the market to grow, the chances of US military operations have been already before the end of the month Jumped to 61%. If the timeline is extended to next month, the chances rise to 69%.
However, some bullish sentiment is still in the wider cryptocurrency market. The U.S. Senate passed Stablecoin legislation this week, suggesting that some in the industry think some are turning points.
Company’s Bitcoin Purchase Even with the increase in short-term volatility, it seems that demand is still being maintained.
Technical Analysis Overview
BNB is currently in stable range, showing signs of traders accumulation and hesitation.
- The asset traded in 2.53% in 24 hours, climbing from $641 to $654 at the meeting before facing a rejection.
- The potential resistance zone has formed close to $653.5, confirmed by repeated failures and surge in sales activity and quantity in the region.
- The massive support level was $638, marking the highest volume peak of the day, indicating strong buyer interest.
- Prior to showing signs of stability, the price hit $637. Since then, BNB has released potential double bottoms and updated purchase interest at three straight lows.
- Market participants may be watching whether BNB can exceed the $640 support line.
- Higher sustained movements may require clearing resistance at $654 and with stronger beliefs, while rests below $637 may cause a deeper pullback.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
