May 21, 2025
BNB, the native token of Binance, is trading at $645, down 0.82% in the last 24 hours, but showing strength amid a bullish market (U.Today). Can BNB break $700 on the news of Binance Alpha and the growth of the ecosystem?
What's happening?
BNB holds positions above the 20-day EMA ($603), with the nearest resistance at $660 (Cointelegraph). Analysts at Standard Chartered predict a rise to $1275 by the end of 2025 due to Binance's dominance and DeFi activity on the BNB Chain (The Block). Binance Alpha has reduced fees to 0.01% for a number of tokens, which has increased trading volume and attracted new users (U.Today). The announcement of the Haedal Protocol airdrop for BNB holders is also fueling interest (@binance).
Opportunities on Binance
Trade BNB without fees through P2P or participate in Binance Launchpool, where 94% of the airdrops for 2024 ($1.75 billion) went to BNB holders (Cointelegraph). Staking BNB on Binance Earn offers up to 5% annual return.
Chart: BNB price over 7 days
Explanation: The chart shows BNB rising from $600 to a peak of $679 with subsequent correction. Support at $603 is a zone to watch.
Forecast
BNB may test $660 in the coming days. Follow Binance Square and participate in airdrops on the Binance Airdrop Portal: binance.com