Binance Coin (BNB) Price Prediction for March 25

In the last 24 hours, the price of BNB has been consolidating as sellers strongly defend a push above $640. However, buyers are currently aiming for an upward correction as BNB price gains momentum for another retest of resistance at $640. Additionally, BNB’s trading volume has surged by 51% in the past 24 hours, reaching $2.06 billion.

Looking at the bigger picture, BNB’s price has been facing increasing downward volatility since the crash on February 3. However, BNB is now recovering with a bullish rally. In the last 24 hours, its market cap has surged by 1.5% to $90.97 billion.

BNB’s Open Interest Nears $1 Billion

The price of BNB has been trending upward lately, though it continues to struggle to break above the key resistance level at $640. Currently, sellers have regained control, causing the price to remain stuck within a tight range.

Recent data from Coinglass shows that approximately $439,000 in trading positions was liquidated in the past 24 hours, with sellers (short positions) losing around $296,000, while buyers (long positions) accounted for about $143,000. 

Despite this, trader interest in BNB appears to be rising. Open interest—representing the total amount of active trading contracts—increased by roughly 20.3%, reaching about $994 million. However, BNB’s funding rate has become negative, currently at -0.1427%, suggesting traders are maintaining a cautious or bearish sentiment overall.

Interestingly, market sentiment seems slightly bullish regarding the balance between long and short positions, with the ratio now at 1.2. Around 53% of traders currently anticipate a potential upward rebound. If bullish sentiment strengthens, BNB could soon make another attempt at challenging the crucial $640 resistance level.

BNB Price Prediction: Technical Analysis

Binance Coin (BNB) has faced challenges breaking through the key $640 resistance level as bearish pressure continues to increase. Currently trading around $634, BNB has managed a modest gain of 0.9% in the past 24 hours. Sellers remain active, attempting to push prices lower toward the nearby support at the 23.6% Fibonacci retracement level. 

Despite this selling activity, technical indicators suggest a potential bullish scenario. BNB’s price remains above the EMA20 trend line, signaling the possibility of another upward push toward the $640 resistance. Additionally, the Relative Strength Index (RSI) at 57 indicates balanced market sentiment, with buyers having room to regain momentum.

If buying pressure strengthens further, BNB could successfully break the $640 barrier and target the next resistance at approximately $676. However, if sellers regain control, the price might drop to the critical support level at $610. A failure to hold this support could lead to a deeper correction toward $563, undoing recent bullish momentum.

BNB Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, BNB price might aim for a surge toward the $640 resistance level. If the price moves above that level, we might see a trade around $676. On the downside, $610 is the range.   

Long-term: According to Coincodex’s latest Binance Coin (BNB) price prediction, BNB is expected to increase by approximately 99.20%, potentially reaching $1,281.87 by April 24, 2025. Coincodex’s technical indicators currently suggest a bearish market sentiment, with the Fear & Greed Index standing at 46, indicating “Fear.” Binance Coin has experienced 14 out of 30 green days (47%) in the past month, alongside a price volatility of 4.39%. Given these factors, Coincodex considers the current period unfavorable for buying Binance Coin.

Investment Risks for BNB

Investing in BNB prices can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.