• Latest
  • All
  • Breaking
  • Announcements
  • Learn
  • Analysis
  • Current events
BNB Tests $660 Resistance as Price Forms Short-Term Bearish Pattern

BNB Tests $660 Resistance as Price Forms Short-Term Bearish Pattern

June 2, 2025
Spar rolls out nationwide stablecoin and crypto payments in Switzerland

Spar rolls out nationwide stablecoin and crypto payments in Switzerland

August 14, 2025
Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

August 14, 2025
BtcTurk halts withdrawals amid suspected $48M crypto hack

BtcTurk halts withdrawals amid suspected $48M crypto hack

August 14, 2025
Bitcoin showed the path, and decentralized AI must ditch rented compute

Bitcoin showed the path, and decentralized AI must ditch rented compute

August 14, 2025
Bitcoin drops below $119K after US Treasury secretary rules out new BTC purchases

Bitcoin drops below $119K after US Treasury secretary rules out new BTC purchases

August 14, 2025
From White House reports to Wall Street: How ZK-proofs are taking over blockchain

From White House reports to Wall Street: How ZK-proofs are taking over blockchain

August 14, 2025
Vietnam state-run Military Bank partners with Dunamu to launch crypto exchange

Vietnam state-run Military Bank partners with Dunamu to launch crypto exchange

August 14, 2025
Jack Dorsey’s Block targets 10-year lifecycle for Bitcoin mining rigs

Jack Dorsey’s Block targets 10-year lifecycle for Bitcoin mining rigs

August 14, 2025
Charles Schwab, Fidelity among traditional companies hiring for crypto expansion

Charles Schwab, Fidelity among traditional companies hiring for crypto expansion

August 14, 2025
Altcoin Google searches hit highest since 2021 amid ETF, treasury moves

Altcoin Google searches hit highest since 2021 amid ETF, treasury moves

August 14, 2025
Google Play’s new rules won’t affect non-custodial crypto wallets

Google Play’s new rules won’t affect non-custodial crypto wallets

August 14, 2025
ETH transaction count rising amid $5K push, but competition erodes market share

ETH transaction count rising amid $5K push, but competition erodes market share

August 14, 2025
Friday, August 15, 2025
8V Crypto Academy
8V Academy - 8V.com - Your Cryptocurrency Gateway
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
8V Crypto Academy
No Result
View All Result

BNB Tests $660 Resistance as Price Forms Short-Term Bearish Pattern

June 2, 2025
in Breaking, News
Reading Time: 9 mins read
A A

BTC

$104,098.89

–

0.02%

ETH

$2,506.26

+

0.86%

USDT

$1.0003

–

0.00%

XRP

$2.1529

+

0.84%

BNB

$654.44

+

0.77%

SOL

$153.28

+

1.40%

USDC

$0.9998

–

0.00%

DOGE

$0.1905

+

1.25%

TRX

$0.2676

–

0.20%

ADA

$0.6732

+

1.81%

SUI

$3.2723

+

0.42%

HYPE

$32.91

+

4.41%

LINK

$13.74

–

0.23%

AVAX

$20.58

+

1.03%

XLM

$0.2662

+

1.29%

BCH

$401.77

+

0.34%

TON

$3.1402

+

1.00%

LEO

$8.3540

–

3.52%

SHIB

$0.0₄1283

+

0.66%

HBAR

$0.1687

+

2.07%

Markets

Share this article

By AI Boost, Francisco Rodrigues|Edited by Aoyon Ashraf

Jun 2, 2025, 1:25 p.m.

BNB monthly price action (CoinDesk Data)
  • BNB surged above $650 on June 1 with high volume, then hit resistance near $664.
  • Its price is now consolidating in a narrow range with signs of weakening momentum.
  • BNB’s trading volume peaked during rejections and rallies, showing active short-term trading.

Binance Coin (BNB) is holding steady above the $650 mark despite rising volatility in global markets sparked by escalating global trade tensions. The cryptocurrency briefly touched $664 before pulling back, but heavy trading volume suggests solid support at $650, according to CoinDesk Research’s technical analysis data model.

The broader market has been rattled by President Trump’s latest round of tariffs, which have added fresh uncertainty to global trade. Major crypto assets, including BNB, have not been immune to the resulting price swings.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

Still, BNB has shown notable resilience, helped by rapid growth in the BNB Smart Chain ecosystem.

Daily transaction counts on BNB Smart Chain have climbed to 14 million, and decentralized exchange (DEX) volume is up 50% over the past month.

In total, BNB Chain-based DEXs have processed more than $150 billion in trading volume over the last 30 days, outperforming competitors like Ethereum and Solana.

This surge in on-chain activity points to a growing user base and stronger fundamentals, even as macroeconomic stress continues to weigh on investor sentiment.

For traders navigating the current environment, BNB’s relative strength stands out, supported not just by market momentum, but by deeper ecosystem engagement.

Technical Analysis Highlights

  • BNB continued to show strength over the weekend but is now displaying signs of short-term fatigue after failing to break resistance at $664.
  • A clear uptrend began around 14:00 on June 1, when BNB surged past $650, backed by above-average volume of 45,756 units. The momentum pushed prices toward the $662–$664 zone by 01:00 on June 2, where the rally stalled amid heavy selling pressure.
  • In the hours that followed, BNB entered a tight consolidation range between $658.05 and $659.60. Around 07:17, the token briefly spiked to the upper end of that range before pulling back.
  • Volume peaked at 07:18 and again at 07:51, during both a rejection and a short-lived rally, signaling active but indecisive market behavior.
  • Since that peak, BNB’s price has carved out a descending channel marked by lower highs, a classic pattern that suggests short-term bearish sentiment.
  • Still, the $658.00 to $658.20 zone has emerged as a reliable support base, absorbing selling pressure and providing a possible launchpad for the next move.
  • While the broader outlook for BNB remains tied to the strength of its ecosystem, near-term traders are watching this channel closely. A breakout above recent highs could invalidate the bearish pattern, while a drop below support might confirm it.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.

CoinDesk Bot

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.

Francisco Rodrigues

 

Previous Post

Crypto Payments Firm RedotPay Enlists Circle Payment Network in Brazil

Next Post

CoinDesk 20 Performance Update: Index Drops 2.6% as All Assets Trade Lower

Related Posts

Spar rolls out nationwide stablecoin and crypto payments in Switzerland
Breaking

Spar rolls out nationwide stablecoin and crypto payments in Switzerland

August 14, 2025
Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report
Breaking

Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

August 14, 2025
BtcTurk halts withdrawals amid suspected $48M crypto hack
Breaking

BtcTurk halts withdrawals amid suspected $48M crypto hack

August 14, 2025
Bitcoin showed the path, and decentralized AI must ditch rented compute
Breaking

Bitcoin showed the path, and decentralized AI must ditch rented compute

August 14, 2025
Bitcoin drops below $119K after US Treasury secretary rules out new BTC purchases
Breaking

Bitcoin drops below $119K after US Treasury secretary rules out new BTC purchases

August 14, 2025
From White House reports to Wall Street: How ZK-proofs are taking over blockchain
Breaking

From White House reports to Wall Street: How ZK-proofs are taking over blockchain

August 14, 2025
Next Post
CoinDesk 20 Performance Update: Index Drops 2.6% as All Assets Trade Lower

CoinDesk 20 Performance Update: Index Drops 2.6% as All Assets Trade Lower

Please login to join discussion
Top 20 Coins
Click on coin symbol for more information.
SYMBOL
PRICE
1D%
1W%
TREND
BTC
$118,795.00
-3.88%
1.69%
66%
ETH
$4,629.45
-2.77%
19.24%
81%
XRP
$3.1017
-6.79%
-6.36%
57%
BNB
$843.07
-0.79%
7.81%
80%
SOL
$193.51
-5.79%
11.00%
69%
TRX
$0.3610
-0.67%
6.96%
84%
DOGE
$0.2267
-9.77%
2.52%
58%
ADA
$0.9239
-4.79%
17.36%
86%
HYPE
$48.2228
0.59%
18.65%
96%
LINK
$22.4427
-6.42%
21.91%
66%
XLM
$0.4273
-7.70%
-6.11%
56%
SUI
$3.7946
-7.26%
1.27%
63%
BCH
$593.91
-4.49%
3.24%
71%
HBAR
$0.2508
-8.02%
-4.18%
54%
AVAX
$23.9490
-6.94%
3.37%
57%
LTC
$121.89
-8.01%
-0.27%
57%
TONCOIN
$3.4238
-3.88%
2.97%
56%
LEO
$9.3727
1.34%
4.09%
97%
SHIB
$0.0000
-8.01%
1.23%
35%
UNI
$11.0259
-8.98%
6.53%
64%
to of
Page of
Powered By 8V.com

Academy Analysis Announcements Blog Breaking Closed events Compliance Current events Events GameFi Learn Miscellaneous News NFT Platform Tech

  • Top 10 Altcoins to Watch in Q4 2025 to Q4 2026
  • 2026 Crypto Trend Prediction: Uncovering Future Shifts in Crypto Sectors
  • Unveiling the Future: Can Ethereum’s Upgrade Solve Economic Scalability Challenges
  • Elon Musk and Crypto: A Comprehensive Analysis and Shift in Strategy
  • Surviving the Crypto Shakeout: A Deep Dive into 1,200 Seed-Funded Projects from the Last Two Years
  • Analyzing Uniswap & Unichain
  • Analyzing Bitcoin Mining Pools and the Impact of Bitcoin Halving
8v.com - download APP 8v.com - download APP 8v.com - download APP
  • About 8V
  • Download APP
  • Announcements
  • Breaking News
  • RSS Feeds
  • Service Agreement
  • Privacy Policy
  • Disclaimer

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com

No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
      • Copy Trading
      • Earn
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com