BNB Price Analysis of March 4, 2025: BNB Trying to Retrieve from the $546 Dip

Monday’s recovery attempt failed to sustain momentum, as BNB price analysis reveals a fresh decline. The BNB price today suggests it is struggling against strong resistance, making it difficult to maintain key support levels. Despite brief bullish efforts, rising selling pressure has pushed BNB lower, indicating that bears are still in control. Market volatility, liquidity shifts, and technical indicators are shaping BNB price prediction, keeping traders on edge for the next move. As price action remains uncertain, the focus shifts to identifying the next key support level. Let’s dive into the past 24 hours of market movement and analyze what’s next for Binance.

BNB Faces Renewed Selling Pressure – Will Support at $567.50 Hold?

The trading day started with a downward trading range as the price found resistance at $623.49. At 1:00 UTC, a death cross appeared on the MACD line, initiating a downward channel. An oversold on the RSI drove the price lower, maintaining bearish momentum. At 6:45 UTC, another oversold signal further pressured the price downward, and with a third oversold at 8:50 UTC, the price found support at $595.54. Shortly after, at 9:30 UTC, a golden cross appeared on the MACD line, signaling an upward trend. The price moved upward within a moderate trading range but faced resistance again.

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 4, 2025

At 14:05 UTC, a death cross on the MACD line suggested a downward channel, followed by oversold conditions at 14:55 UTC on the RSI indicator, leading to a breakdown. The price struggled at the support level but failed to hold. At 18:00 UTC, another death cross appeared on the MACD line, fueling further decline. With oversold conditions at 18:40 UTC, continuous selling pressure drove the price further down to a new support level. Eventually, the price found support at $567.50 and fluctuated moderately within a range.

BNB Breaks Resistance After Sharp Decline – Is Recovery on the Horizon?

The trading day of March 4th started with a moderate trading range. At 00:35 UTC, a death cross appeared on the MACD line, initiating a downward trend and causing the price to drop sharply from the support level. A breakdown followed, with the price falling further. Oversold conditions at 1:45 UTC and 2:25 UTC led to temporary support at $546.96. Shortly after, at 2:25 UTC, a golden cross on the MACD line signaled a potential upward channel. The price fluctuated near the current resistance, which was the previous support. By 10:30 UTC, the price broke above the resistance of $567.50.

BNB Price Prediction: Key Levels to Watch for BNB’s Next Move

BNB price analysis shows that BNB price today is at a critical juncture after fluctuating between key support and resistance levels. If the price sustains its upward momentum and breaks the $567.50 resistance, it could re-enter the $595.54 range, turning the previous breakdown into a fakeout. However, if selling pressure increases, BNB price prediction suggests a possible decline toward the $546.96 support level. A break below this level could trigger further downside movement. Traders are closely monitoring liquidity shifts and technical indicators to determine the next potential move in the market.