Binance Coin Falls to $602 Ahead of April 29 – Can the Upgrade Turn It Around?

On April 24, 2025, Binance Coin (BNB) dropped to $602, causing concerns among investors. But the latest BNB news points to an upcoming hard fork upgrade on the BNB chain, set for April 29, which could potentially change this outlook. This new BNB update aims to reduce the block time to 1.5 seconds, lower latency, speed up confirmations, and improve UX across the board. Despite these advances, analysts believe that the new BNB update will eventually drop the gas limit, which could potentially attract many investors’ attention. As the BNB network undergoes hard fork upgrades, market participants are hopeful that this strategic move could reverse the price decline and spark positive sentiment. 

In this article, let’s analyze the last 24 hours’ price movement of Binance Coin to find how it’s performing. 

BNB Dips to $602 – April 23, 2025

On April 23, 2025, the BNB trading day began with a brief rise, demonstrating a bullish momentum. But at 00:15, BNB encountered an RSI Overbought situation, indicating a potential trend reversal. Likely, at 00:20 UTC, a Death Cross on MACD signaled a possible downtrend. As expected, at 00:25, BNB resisted at $620 and experienced a short-term fall. At 01:55 UTC, BNB found support at $612 and began to move up. A Golden Cross on MACD at 03:30 UTC affirmed this uptrend. Substantially, at 05:35 UTC, BNB encountered an RSI Overbought situation, indicating a possible trend reversal. Likely, at 06:25 UTC, a pin bar, followed by a full-body red candle, signaled a possible downtime. 

As expected, BNB price movement resisted at $620 and experienced a sharp fall. A Death Cross on MACD at 06:30 UTC asserted this downtrend. At 10:00 UTC, BNB broke the support at $612, breached a breakout, and dropped to $609. At 10:20 UTC, BNB found support at $609 and experienced a short-term rise. A Golden Cross on MACD at 11:10 UTC asserted this uptrend. Substantially, at 13:20 UTC, a Death Cross on MACD signaled a potential downtrend. Likely, at 13:25 UTC, BNB resisted at $614, began to fall, broke the support at $609, and dropped to $603. 

At 15:25 UTC, BNB found support at $603 and began to experience an uptrend. A Golden Cross on MACD at 15:30 UTC asserted this uptrend. At 17:15 UTC, BNB price movement resisted at $608, began to fall, broke the support at $603, and dropped to $602. A Death Cross on MACD at 18:30 UTC affirmed this downtrend. Substantially, at 20:15 UTC, BNB found support at $602 and experienced an uptrend. At 23:25 UTC, BNB price resisted at $607, experienced a short-term fall, and closed at $605.

BNB Fluctuates Between Key Levels – April 24, 2025

As illustrated in Chart 1, the BNB trading day started with a brief fall, demonstrating a bearish momentum. At 01:20 UTC, BNB found support at $602.32 and experienced an uptrend. A Golden Cross on MACD at 01:30 UTC affirmed this uptrend. But at 02:25 UTC, BNB price movement resisted at $606 and began to experience a short-term fall. A Death Cross on MACD at 03:10 UTC asserted this downtrend. At 08:30 UTC, BNB broke the support at $602, experiencing a steep decline. 

BNB’s Next Move – Buy or Sell?

Based on today’s price analysis, BNB price movement is experiencing a sharp decline, demonstrating a strong bearish momentum. In a possible scenario, if the BNB breakout becomes a fakeout, it could bounce back and attempt to break the key resistance. In case the BNB breaks breakout, it could experience a sharp fall, suggesting strong bearish momentum. As per recent BNB news, the new BNB update could potentially boost optimism and drive investors’ confidence in BNB investment. Closely monitor the key levels to find BNB’s next move.