BNB: The Cryptocurrency That Wouldn’t Die 💀💰

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TL;DR

  • BNB trades around $760, a beacon of stability amidst the cryptocurrency storm, while others face steeper market losses.
  • A rounding bottom breakout suggests $745 as a key support, with potential targets soaring to $790 to $1,000.
  • Institutional players, like Nano Labs, are flocking to BNB, adding it to their treasuries and signaling a rise in corporate interest.

At the time of writing, BNB was changing hands at $760, with a 24-hour volume exceeding $1 billion. A slight dip in prices over the day and a 9% decrease over the past week seem almost insignificant when you consider the broader context. In the last 24 hours, BNB danced between $755 and $770, with a seven-day range of $735 to $833. Remarkably, the token is only 12% shy of its record high of $858 (according to CoinGecko data), set on the mystical date of July 28, 2025.

Crypto analyst Crypto Patel couldn’t help but marvel at BNB’s resilience. “BNB has outperformed most major altcoins during this market downturn,” he mused. “While many tokens have plummeted 60-80% from their peaks, BNB has never slipped beyond 30%. This steadfastness keeps it tantalizingly close to record levels, even as the broader crypto market remains as unpredictable as a Moscow winter.”

$BNB is performing better than most other major coins.

While many dropped by 60-80%, #BNB never fell more than 30%.

Now it’s already close to its all-time high.

Quietly strong and consistent.

Source: CryptoQuant@cz_binance @binance

– Crypto Patel (@CryptoPatel) August 4, 2025

Data tracking the drawdown from all-time highs for top altcoins paints a vivid picture. BNB, marked in a soothing blue, saw its pullbacks hover between -6% and -30%. In contrast, XRP swayed from -15% to -38%, while ETH also dipped -38%. SOL, the poor soul, suffered the heaviest losses, plummeting over 60% from its peak. BNB, however, stood firm, holding its ground during periods of wild volatility, earning it a reputation for relative consistency.

Chart Patterns and Future Targets

Jonathan Carter, a seasoned analyst, spotted a rounding bottom pattern on the daily chart. BNB broke above the neckline near $745 and is now retesting that level as support. If it holds this zone, the bullish setup remains intact, much to the delight of BNB enthusiasts.

#BNB

Binance Coin is retesting the broken neckline of a rounding bottom pattern on the daily timeframe

The price needs to hold above the neckline level to confirm the support and continue the bullish momentum

If confirmed, we could see the price surge toward targets at…

– Jonathan Carter (@JohncyCrypto) August 4, 2025

In the event of renewed momentum, Carter identified potential highs at $790, $850, $900, and $1,000. The current rally, however, seems to be taking a breather, with volume and RSI readings suggesting a period of consolidation after the recent breakout.

Ecosystem Updates and Institutional Interest

Binance, ever the innovator, rolled out a web wallet allowing traders to approve transactions for up to seven days and opened bitcoin options writing to all users. These changes aim to support active traders and bolster BNB’s ecosystem, much like a well-timed snowfall in December.

Corporate interest in BNB has also blossomed. CEA Industries, Liminatus Pharma, Windtree Therapeutics, and Nano Labs have all announced BNB-related plans. Nano Labs, in particular, revealed that it purchased 128,000 BNB as part of its new treasury strategy, a move that could be seen as a vote of confidence in BNB’s future.

As BNB retests support and approaches critical resistance zones, all eyes remain on this resilient cryptocurrency, watching to see if it will once again defy the odds and reach new heights.

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2025-08-05 20:44