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BNB

BNBUSD

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684.500

-4.800-0.70%

Discussions

TradingKey Chart

Time

15m

30m

Today

-0.67%

5 Days

-2.35%

1 Month

+17.06%

6 Months

+11.42%

Year to Date

-20.72%

1 Year

-20.80%

Key Data Points

Opening Price

689.100

Previous Closing Price

689.300

Price Range of the Day

684.000692.800

52-Week Price Range

535.3001371.300

• Technical resistance and long liquidations drove BNB's downward price trajectory. • Macro uncertainty and defensive positioning caused broader digital asset market consolidation. • Pasteur hard fork enhancements support the underlying BNB Chain ecosystem fundamentals.

TradingKeyMon, Aug 31

BNB (BNBUSD) Fluctuated Significantly on Aug 30: Key Variables Behind the Move

• BNB Chain fundamentals and the Pasteur hard fork improved investor sentiment and adoption expectations. • Promotional incentives and exchange utility drive structural demand for holding BNB. • Technical indicators including MACD, RSI, and Williams %R suggest a buy condition.

TradingKeySun, Aug 30

BNB (BNBUSD) Suddenly Goes up 1.00% on Aug 27: What You Need to Watch

• BNB advanced following protocol enhancements from the Pasteur hard fork and positive market sentiment. • Technical indicators show a buy signal with strong derivatives demand and restricted spot supply. • Institutional accumulation continues while systemic risks like regulatory oversight and macroeconomic conditions are monitored.

TradingKeyThu, Aug 27

BNB (BNBUSD) Is up 1.03% on Aug 26: Why It Happened

• Pasteur hard fork enhancements boosted network security and institutional capital allocation. • Expanded trading ecosystem activity increased organic spot market buying pressure. • Technical indicators and short covering drove positive BNB price action.

TradingKeyWed, Aug 26

BNB Price Forecast: BNB rally stalls as Pasteur hardfork launches on BSC mainnet

BNB (BNB) shows subtle weakness, sliding below $700 on Tuesday. Last week's broader crypto rally propelled BNB to $725 from support around $600.

FxstreetTue, Aug 25

BNB (BNBUSD) Is up 1.87% on Aug 25: What Do On-Chain Data and Market Sentiment Show?

• Pasteur hard fork upgrades boosted investor confidence and network scalability. • Leveraged accumulation on Venus Protocol tightened liquid market supply significantly. • Technical indicators show a buy signal with overbought conditions present.

TradingKeyTue, Aug 25

Indicators

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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Neutral

Sell(4)

Neutral(3)

Buy(5)

Indicators

Sell(2)

Neutral(3)

Buy(1)

Indicators

Value

Direction

MACD(12,26,9)

-1.286

Neutral

RSI(14)

63.192

Neutral

STOCH(KDJ)(9,3,3)

30.114

Sell

ATR(14)

23.721

High Vlolatility

CCI(14)

11.005

Neutral

Williams %R

32.077

Buy

TRIX(12,20)

0.708

Sell

StochRSI(14)

0.000

Oversold

Moving Average

Sell(2)

Neutral(0)

Buy(4)

Indicators

Value

Direction

MA5

689.220

Sell

MA10

694.070

Sell

MA20

660.720

Buy

MA50

612.992

Buy

MA100

604.616

Buy

MA200

616.990

Buy

More Details of BNB

Launched in July 2017, Binance is the world's largest cryptocurrency exchange by daily trading volume. It aims to position cryptocurrency exchanges at the forefront of global financial activity. The name "Binance" is derived from "Binary Finance," reflecting this new paradigm in global finance. Beyond its exchange services, Binance has developed a comprehensive ecosystem for its users. This includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects, all leveraging blockchain technology to advance modern finance. Binance Coin (BNB) plays a crucial role in the successful operation of many of these sub-projects.

What makes BNB unique?

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BNB is unique because it is part of a broader Binance ecosystem that includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects. BNB powers many of these Binance sub-projects, making it an integral part of the Binance network. Binance's drive for continuous development and its status as the leading crypto exchange in multiple countries give it a significant competitive advantage. Measures like the BEP-95 upgrade, which made BNB more deflationary by burning a portion of the fees on Binance Smart Chain, have also contributed to BNB's uniqueness.

Who launched BNB?

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BNB was launched in July 2017 by Binance, the largest cryptocurrency exchange globally based on daily trading volume. The founders of Binance are Changpeng Zhao, who serves as the CEO.

Why is BNB burned?

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BNB has an auto-burn mechanism, where Binance periodically burns a portion of the total BNB supply to create a deflationary effect and sustain the value of the digital asset. This is similar to Ethereum's famous EIP-1559 proposal, which also introduced a fee-burning mechanism. The BNB auto-burn is part of Binance's efforts to maintain the scarcity and value of the BNB token. By permanently removing BNB from circulation, the overall supply is reduced, which can potentially lead to price appreciation. This deflationary mechanism is designed to benefit BNB holders in the long run.