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–
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By Francisco Rodrigues, CD Analytics
Jun 14, 2025, 5:27 p.m.
- BNB showed resilience during the market volatility, maintaining a narrow trading range and staying above key support.
- Mixed technical indicators, with a negative MACD and RSI below 50, but a potential golden cross and positive Chaikin Money Flow.
- Aggressive sell pressure indicated by ‘Net Taker Volume,’ but Binance Smart Chain’s trading volume increase hasn’t translated to new BNB demand.
Binance Coin (BNB) is showing resilience after a stormy week for financial markets, as Israel attacked Iran in a bid to limit its nuclear program and missile capabilities, leading to a large-scale missile attack in response.
The conflict saw investors flee risk assets and led to more than $700 million in liquidations in the crypto market in just 24 hours, according to CoinGlass. BNB, however, managed to maintain a narrow trading range of just over 1%, resisting a broader altcoin pullback.
STORY CONTINUES BELOW
BNB, after the sell-off, failed to break above $660, its immediate resistance level according to CoinDesk Research’s technical analysis data model, and has since been consolidating within a symmetrical triangle pattern.
Despite the setback, the coin has stayed above key support at $640, a zone aligned with the 78.6% Fibonacci retracement level. Trading volume analysis suggests sellers dominate near $655.5, while a buyer base forms around $649, the model shows.
Technicals signal a mixed picture. The Moving Average Convergence Divergence (MACD) turned negative, and the Relative Strength Index (RSI) sits just under 50, hinting at fading momentum.
Yet the 50/200-day moving averages are nearing a golden cross, and the Chaikin Money Flow indicator remains positive, a setup that has historically preceded upward reversals, according to the model.
But sentiment around BNB isn’t all bullish. Net Taker Volume, a gauge of aggressive sell pressure, hit a multi-week low of -$197 million.
Meanwhile, even as Binance Smart Chain’s perpetual trading volume rose exponentially month-over-month, this activity doesn’t appear to have sparked new demand for BNB. Futures open interest remains down more than 30% from its December peak.
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
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