BNB Price Remains Above Key Support Level After Israel-Iran Clash Sparks Risk Asset Flight
From Yahoo Finance: 2025-06-14 13:27:00
Binance Coin (BNB) remains steady despite Israel’s attack on Iran, causing market turbulence. Over $700 million in crypto liquidations occurred in 24 hours, but BNB held strong with a 1% trading range. Technical analysis shows BNB struggling to break resistance at $660, consolidating in a triangle pattern.
Although BNB is above key support at $640, technicals signal a mixed outlook. MACD is negative, RSI near 50, indicating weakening momentum. However, moving averages suggest a potential bullish reversal, with positive Chaikin Money Flow. Net Taker Volume shows significant sell pressure, but BNB’s demand remains stagnant despite rising Binance Smart Chain activity.
Despite market challenges, BNB shows resilience amidst geopolitical tensions and market fluctuations. Technical indicators point to a potential uptrend, but sell pressure and lack of demand pose challenges for the coin’s future performance.
Read more: BNB Price Remains Above Key Support Level After Israel-Iran Clash Sparks Risk Asset Flight