NewsBTC

31 March 2025

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BNB Falls Below $605 Support Level Amid Weakening Bullish Momentum

The price of BNB has fallen below the critical support level of $605, raising concerns about a potential trend reversal. Key observations include:

• Weakening momentum with bearish pressure building.
• Technical indicators show negative MACD and declining RSI, indicating reduced buying interest.
• Low trading volumes during attempted rebounds highlight lack of conviction from buyers.
• If the decline continues, the next support levels are around $531 and $500.
• A break below $500 could lead to further declines toward $454.

For recovery, BNB must stabilize above $530 and reclaim the $605 level as support. A move back above $680 would signal a stronger bullish outlook, potentially leading to targets of $724 and $795.