Share this article
BNB Price Remains Above Key Support Level After Israel-Iran Clash Sparks Risk Asset Flight
While technical indicators show a mixed picture, BNB remains above key support at $640, suggesting potential for upward reversal.
Jun 14, 2025, 5:27 p.m.
Make us preferred on Google
What to know:
- 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 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
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
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.
Mehr für Sie
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Was Sie wissen sollten:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Mehr für Sie
Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus
Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.
Was Sie wissen sollten:
- Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
- On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
- Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.
Top Stories
