Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»BNB Drops Below $500, Is a Long-Term Downtrend Expected?
EXCHANGE NEWS

BNB Drops Below $500, Is a Long-Term Downtrend Expected?

By Crypto FlexsJuly 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB Drops Below 0, Is a Long-Term Downtrend Expected?
Share
Facebook Twitter LinkedIn Pinterest Email

BNB recently fell below the important $500 support level, signaling a continuation of the downtrend. This decline shows increasing selling pressure and growing bearish sentiment within the cryptocurrency markets.

As BNB falls below this critical threshold, analysts and traders are watching for further downside moves, potentially targeting lower support levels. A break of the $500 mark is a key indicator of continued market weakness, suggesting that BNB could face continued challenges in the short term.

This article explores the bearish sentiment around this area, with technical indicators providing comprehensive insight into potential future trends, key support levels to watch, and strategies for investors and traders to navigate the ongoing downturn. Price of BNB.

At the time of writing, the price of BNB has fallen by more than 10% and is trading at around $471, with a market cap of over $69 billion and a trading volume of over $2 billion. In the last 24 hours, BNB’s market cap has fallen by 10.88% while its trading volume has increased by 37.43%.

Technical indicators highlight the ongoing bearish market conditions.

On the 4-hour chart, the BNB price is actively downtrending below the 100-day simple moving average (SMA). At the time of writing, the price has risen significantly. Drop down The $500 support level triggered a larger downtrend for the cryptocurrency.

Source: BNBUSDT on Tradingview.com

As the 4-hour Moving Average Convergence Divergence (MACD) is forming, the BNB price is expected to decline further as the MACD histogram is trending below the 0 line with strong momentum. Also, the MACD line and signal line are trending below the 0 line with a good spread due to a sharp decline.

On the 1-day chart, BNB is trading below the 100-day SMA and is attempting to break the 3rd consecutive bearish candlestick with strong momentum. This development suggests that the price is still actively declining and could continue to decline.

B&B
Source: BNBUSDT on Tradingview.com

Lastly, the 1-day MACD indicates that the BNB price is likely to decline further as the MACD histogram is trending below the 0 line with strong momentum. It was observed that both the MACD line and the MACD signal line crossed downwards and then trended below the 0 line.

What’s Next for BNB

According to the current analysis, BNB price is heading towards the $357 support level. If BNB price reaches the $357 support level and breaks below it, it may continue to decline to test the $202 support level, and if it breaks the $202 level, it is likely to challenge other lower levels.

However, if the cryptocurrency asset is rejected at the $357 support level, it will start to rise again towards the $500 level. If it breaks above this level, it may continue to rise to test the $635 resistance level, and if it breaks above the $635 resistance level, it may move to test other higher levels.

B&B
BNB trading at $468 on 1D chart | Source: BNBUSDT on Tradingview.com

Featured image from Adobe Stock, charts from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) -It is not damaged, but there is no fireworks that can be moved yet.

July 2, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 2025

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025
Most Popular

All About Uniswap’s $2T Milestone and UNI’s Next Move

November 3, 2024

Ethereum holiday exchange volume reached $906 million last week

March 3, 2024

LayerZero said it aims to launch its token in the first half of 2024.

December 9, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.