$BNB

Price Update – May 1, 2025

BNB is trading around $601, down 0.1% in the last 24 hours.

Key Factors:

- Technical Resistance: Struggling to break above the $600 psychological level.

- Market Sentiment: Overall crypto market remains cautious, with low volatility.

- Ecosystem News: Binance Launchpool and Megadrop events are driving some renewed user activity.

Outlook:

- Bullish Scenario: If momentum picks up, BNB could retest $630–$650.

- Neutral View: Consolidation likely between $580–$600 short term.

Conclusion:

BNB is holding steady near key resistance, awaiting a catalyst. Watch for ecosystem developments and broader market trends.