Search





Search





BNB

BNBUSD

Add to Watchlist

601.000

-2.500-0.41%

Discussions

TradingKey Chart

Time

15m

30m

Today

-0.46%

5 Days

+0.33%

1 Month

+6.15%

6 Months

-2.66%

Year to Date

-30.44%

1 Year

-29.32%

Key Data Points

Opening Price

604.000

Previous Closing Price

603.500

Price Range of the Day

600.200604.500

52-Week Price Range

535.3001371.300

• BNBUSD pullback stems from thin weekend liquidity and persistent macroeconomic caution. • Restrictive Federal Reserve policies and institutional selling pressure limit risk asset valuations. • Technical indicators show a MACD buy signal alongside neutral RSI conditions.

TradingKeySun, Aug 16

BNB (BNBUSD) Is down 1.05% on Aug 14: Why It Happened

• Broader crypto market liquidations and leveraged long unwinding drove the BNB pullback. • Traders locked in profits near resistance despite positive institutional and ecosystem developments. • Technical indicators like MACD and Williams %R currently suggest a buy condition.

TradingKeyFri, Aug 14

BNB (BNBUSD) Is up 1.05% on Aug 11: Key Drivers to Watch

• BNB maintained resilient upward momentum above the six-hundred-dollar psychological threshold. • Automated token burns and network transaction volume provide fundamental support. • The MACD indicates a buy signal while Williams %R suggests overbought conditions.

TradingKeyTue, Aug 11

BNB (BNBUSD) Is down 1.04% on Aug 10: Key Drivers to Watch

• BNB price decline reflects tightening global macro liquidity and a stronger US Dollar. • Regulatory oversight and lack of ecosystem catalysts contribute to reduced transactional demand. • Derivative hedging and portfolio rebalancing suggest short-term market consolidation and downside volatility.

TradingKeyMon, Aug 10

BNB (BNBUSD) Is up 1.38% on Aug 9: Why It Happened

• BNB price appreciation reflects broader digital asset market stabilization and favorable liquidity conditions. • Binance Launchpool activity creates structural demand and reduces BNB's circulating supply. • Technical indicators show a MACD buy signal alongside neutral to overbought RSI levels.

TradingKeySun, Aug 9

BNB (BNBUSD) Suddenly Goes up 1.10% on Aug 8: What's Driving This

• BNB appreciation stems from increased on-chain activity and high demand for ecosystem utility. • Automated token burns and institutional adoption support a structural supply-demand imbalance for BNB. • Technical indicators show a MACD buy signal alongside neutral RSI and overbought conditions.

TradingKeySat, Aug 8

Indicators



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(5)

Neutral(4)

Buy(3)

Indicators

Sell(2)

Neutral(4)

Buy(0)

Indicators

Value

Direction

MACD(12,26,9)

-0.485

Neutral

RSI(14)

55.593

Neutral

STOCH(KDJ)(9,3,3)

36.120

Sell

ATR(14)

10.586

Low Volatility

CCI(14)

-3.997

Neutral

Williams %R

49.432

Neutral

TRIX(12,20)

0.239

Sell

StochRSI(14)

0.000

Oversold

Moving Average

Sell(3)

Neutral(0)

Buy(3)

Indicators

Value

Direction

MA5

604.320

Sell

MA10

605.530

Sell

MA20

597.460

Buy

MA50

580.624

Buy

MA100

600.803

Buy

MA200

616.097

Sell

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?



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?



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?



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.