Concise Market Brief Style (for newsletters or quick-read platforms)
BNB Holds Key $640 Support Amid War-Driven Crypto Volatility
BNB has stayed above critical $640 support despite rising geopolitical tensions, as markets reacted to Israel’s military strikes on Iran and the subsequent surge in Middle East conflict risk.
The broader crypto market saw over $700 million in liquidations, but BNB remained in a narrow range, unable to break $660 resistance and now consolidating within a symmetrical triangle.
Technical indicators are mixed:
- MACD turned negative
- RSI is under 50
- But a potential golden cross and positive Chaikin Money Flow hint at bullish undertones.
Despite growing activity on Binance Smart Chain, demand for BNB itself appears muted. Net Taker Volume hit a multi-week low of -197M, and open interest in futures contracts remains more than 30% below December highs.
As long as BNB defends $640, a reversal remains on the table—but momentum is clearly fading.
