Binance Coin (BNB) Price Prediction for March 26

In the last 24 hours, the price of BNB has been facing intense bearish domination as it struggles to move above $640. As a result, sellers are now aiming for a decline toward the low of $630. Additionally, BNB’s trading volume has dropped by 24.36% in the past 24 hours, reaching $1.68 billion.

Looking at the bigger picture, BNB’s price has been facing increasing downward volatility since the crash on February 3. However, BNB is now recovering with a bullish rally. In the last 24 hours, its market cap has dropped by 0.43% to $90 billion.

BNB’s Open Interest Faces Sharp Decline

The price of BNB has been trending downward lately as it failed to meet buyers’ demand above $640. As a result, sellers are now aiming for a hold below $630 level to strengthen their domination.

Recent data from Coinglass shows that approximately $275,000 in trading positions was liquidated in the past 24 hours, with sellers (short positions) losing around $93,000, while buyers (long positions) accounted for about $182,000. 

Amid this bearish pressure, trader interest in BNB appears to be declining. Open interest—representing the total amount of active trading contracts—decreased by roughly 11.6%, reaching about $831 million. Additionally, BNB’s funding rate has become negative, currently at -0.0027%, suggesting traders are maintaining a cautious or bearish sentiment overall.

Interestingly, market sentiment seems slightly bullish regarding the balance between long and short positions, with the ratio now at 1.2. Around 53% of traders currently anticipate a potential upward rebound. If bullish sentiment strengthens, BNB could soon make another attempt at challenging the crucial $640 resistance level.

BNB Price Prediction: Technical Analysis

Binance Coin (BNB) is struggling to surpass the critical resistance mark of $640 amid escalating bearish pressures. Currently, the coin is consolidating around $630, with recent trades dipping to about $626—a nearly 1% decline as sellers attempt to drive the price down further towards the 23.6% Fibonacci retracement level. 

Despite the downward pressure, certain technical indicators hint at a potential upswing. BNB’s price is holding steady above the key support trend line, suggesting that a rebound towards the $640 resistance could be forthcoming. The Relative Strength Index (RSI), sitting at 46, reflects a balanced market environment, potentially giving buyers a chance to rally.

Should the buying pressure intensify, BNB might overcome the $640 resistance and aim for the next target near $676. Conversely, if sellers push the price below the EMA20 trend line, BNB could retreat to the crucial support at $610. A breach of this level might trigger a more significant correction to $563, potentially reversing recent gains.

BNB Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, BNB price might aim for a surge toward the $640 resistance level. If the price moves above that level, we might see a trade around $676. On the downside, $610 is the range.   

Long-term: According to the latest Binance Coin price prediction from Coincodex, the price of Binance Coin is expected to increase by 96.78% and reach $1,244.57 by April 25, 2025. Coincodex’s technical indicators suggest that the current market sentiment is bearish, while the Fear & Greed Index indicates a neutral stance with a score of 47. Over the past 30 days, Binance Coin has experienced 14 out of 30 green days, demonstrating a price volatility of 4.16%. Based on these forecasts, it is currently not an advisable time to purchase Binance Coin.

Investment Risks for BNB

Investing in BNB prices can be risky due to market volatility. Investors should:

• Conduct technical and on-chain analysis.
• Assess their financial situation and risk tolerance.
• Consult with financial advisors if necessary.