The situation of BNB
Cryptocurrencies recover some ground after the heavy hemorrhage that greeted us today. BNB has distinguished itself by limiting the damage, but what could happen next?
Let’s tidy things up in a very few lines. To do so, we will first take a look at the chart, then make some general remarks.
BNB analysis
On a technical level, it is best not to do analysis on slump days like today, moreover with a recovery attempt underway. In any case, we observe that the coin is pausing above a fairly important support at around $667 (4 p.m. Jan. 27). Today’s quote also fell below $640, but the loss has been successfully reabsorbed (for now).
Should it fall further, watch for the area between $640 and $650, where resistance to further declines could be concentrated.
TradingView chart, data source Binance
Considering that there is no general stampede or facts upsetting the fundamentals, BNB’s positive momentum does not change. Widening the horizon, we are at all-time highs, at the historical moment when BNB is worth the most ever. The All-Time High is not that close, but it was recorded in December 2024; the current price level is within a physiological retracement.
What’s more, BNB has closed four consecutive monthly uptrend candles (you can observe them in the chart below); January, currently in the red by about 5 percent, would break a cycle, yes, but at rather moderate numbers (provided we don’t lose any more ground).
Forgetting charts and prices for a moment, the BNB project continues to be solid, with Binance remaining the entity moving the largest volumes on both the spot and derivatives side. The BNB coin thus reflects the positive trend in the turnover of its exchange.
We then highlight that coin burns continue. In Q4 2024 more than 1.63 million went “into the oven,” worth more than $1 billion. Q1 2025 is more or less in line with these figures. Ultimate goal, for those who may not remember, is to set the supply at 100 million (we are now at 142.5). BNB burn depends on factors such as price and the number of blocks generated on the BSC.
Where to buy BNB?
Binance is the No. 1 exchange for buying BNB. Not coincidentally, it is this giant that created the cryptocurrency in question. Holding BNB will also give you the opportunity to benefit from lower trading fees and join services such as the Binance HODLer Airdrop.
If you want to sign up, take advantage of our referral link to receive a 20% discount on fees forever.
Other exchanges where you can find the coin are Bybit, Bitget and KuCoin.
Moving into the decentralized world, we recommend using BSC.
