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Cryptocurrency News Articles
On April 25, 2025, Binance Coin (BNB) surged to $610 after a sharp decline
Apr 25, 2025 at 10:38 pm
This recent BNB surge captured the attention of traders. Also, it fuels speculation about its next move.
Binance Coin (BNB) experienced a significant price surge on April 25, 25, 2025, as it soared to $610 following a sharp decline. This recent BNB surge has captured the attention of traders, who are now speculating about its next move.
As positive sentiment continues to build across the crypto market and the Binance ecosystem, analysts at Buvaneswari_L suggest that BNB could hit a new high. However, to determine the next move of BNB, it’s crucial to monitor the key levels closely.
The last 24 hours of trading saw BNB open at 00:00 UTC on April 24, 24, 2025, with an initial price of $601.88. Throughout the day, BNB underwent a series of price movements, shifting between support and resistance levels.
At 01:20 UTC, BNB found support at $602.13 and experienced an uptrend, reaching a high of $606 at 02:30 UTC. However, at this point, BNB began to fall and experienced a downturn. A Death Cross on MACD at 02:45 UTC further affirmed this downtrend.
As the morning progressed, a pin bar, followed by a full-body red candle, appeared on the chart at 07:10 UTC, signaling a possible downtrend. Likely, BNB resisted at $606 and experienced a sharp fall, leading to a breach of the support at $602.13 and a drop to $593.
Substantially, at 08:45 UTC, BNB encountered an RSI Oversold situation, indicating a potential trend reversal. Likely, at 08:50 UTC, BNB found support at $593 and experienced an uptrend. A Golden Cross on MACD at 09:40 UTC affirmed this uptrend.
Conversely, at 16:35 UTC, BNB price movement encountered resistance at $600 and experienced a downtrend. A Death Cross on MACD at 17:00 UTC asserted this downtrend. At 17:50 UTC, BNB found support at $595 and began to move up. A Golden Cross on MACD at 18:50 UTC asserted this uptrend. Finally, at 23:30 UTC, BNB broke the resistance at $600, breached a breakout, and closed at $601.88.
The following table summarizes the key events that occurred during the last 24 hours of trading:
As illustrated in Chart 1, on April 25, 2025, the BNB trading day began with a brief fall, demonstrating a bearish trend. But at 00:15, BNB found support at $600.22 and began to move up.
In midday, at 01:15 UTC, a pin bar, followed by a full-body red candle, appeared on the chart, signaling a possible downtrend. Likely, BNB encountered resistance at $603.92 and experienced downtime. A Death Cross on MACD at 01:45 UTC affirmed this uptrend.
Subsequently, at 02:55 UTC, BNB found support at $598 and began to move up. A Golden Cross on MACD at 03:20 UTC affirmed this uptrend.
Conversely, at 04:45 UTC, BNB broke the resistance at $605, breached a breakout, and experienced an uptrend. At 07:10 UTC, BNB reached the top price of the day at $610. At this point, a pin bar, followed by a full-body red candle, appeared on the chart, signaling a possible downtime. Likely, BNB encountered resistance at $610, began to fall, and dropped to $606. A Death Cross on MACD at 07:15 UTC affirmed this downtrend. But at 08:00 UTC, BNB found support at $606, began to move up, and kept fluctuating between key levels.
On April 25, 2025, the BNB price is projected to undergo a notable action, demonstrating a strong bullish momentum. In a possible scenario, if BNB price attempts to break the key resistance level at $610, it could hit a new high. In case BNB fails its attempt, it could fall back, break the key support level at $598, and encounter a sharp decline, suggesting a bearish sentiment.
Though it faced a short-term fall, BNB surged, boosting investors’ confidence in BNB investment. To find the next move of Binance coin, keep monitoring the key
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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