1. Price trend analysis for the next 24 hours (Future)
As of the morning of April 29, 2025, BNB is trading around $603.20, down slightly 0.42% in the past 24 hours.
Technical signals:
Resistance: $610 – $625
Support: $585 – $590
RSI: Near 50, indicating the market is balanced, and it could explode if there is a catalyst.
Future trading strategy:
Long scenario: Wait for BNB to test the support area of $585 - $590. If there is a bullish reversal candle signal, a Long position can be opened with a target of $610 - $625.
Short scenario: If BNB drops significantly below $580, consider opening a Short position targeting the $560 area.
2. Long-term investment strategy
BNB is the native token of the Binance ecosystem - the largest cryptocurrency exchange in the world. Binance's expansion into DeFi, NFT, Launchpad, and the development of the BNB Smart Chain (BSC) helps BNB maintain its practical value.
Long-term strategy:
Accumulate BNB at price levels below $600 when the market corrects.
Hold BNB for the long term 2-3 years, expected target: $750 - $1,000.
3. Notable news in the past 24 hours
Binance announces the expansion of its new Launchpool program: A series of new DeFi projects will be launched, driving demand for the use and holding of BNB.
The inflow of funds into Binance has increased significantly: According to data from CryptoQuant, Binance recorded positive net inflows for 3 consecutive days, indicating a return of positive investor sentiment.