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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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Binance Coin (BNB) is under pressure, slipping below the $600 mark as the broader crypto market struggles with renewed volatility. Investors are now watching a key support zone that previously triggered a strong rebound.
Yesterday evening UTC (March 4), BNB revisited the $560 level, a critical support area last tested in early February.
Back then, bulls successfully defended this range, propelling BNB to a high of $721. Now, with similar price action unfolding, the question is—can BNB bounce back again?
The token now appears to be rebounding again. In the last 24 hours, $BNB rose 6.5% and now trades at just under $600, a crucial psychological support threshold.
This appears to be in line with the wider market, which added 4.5% overnight to command a market cap of $3.03 trillion.
Binance Coin is thus keeping pace with market leader Bitcoin ($BTC). Bitcoin grew 6.1% in the last 24 hours and now trades at a price of $88,665 as of this writing, although it’s still a little over half its projected 2025 target of $160,000.
Former Binance CEO CZ tweeted to keep morale high during this volatile period.
It’s too early to tell whether we’re out of the woods. Crypto’s recent positive price action stem largely from US President Trump’s announcement of a strategic US crypto reserve comprising Bitcoin, Ethereum, Solana, XRP and Cardano.
However, Monday’s surges were quickly nipped in the bud by headlines regarding Trump’s aggressive tariffs against neighbors and rivals, including Canada, Mexico, the European Union, and China.
Should the bearish news cycle persist, Binance coin runs the risk of sinking below $560 in the near-term. That’s because, during the February rebound, BNB failed to establish a new high and came close to forming a lower low.
Furthermore, the relative strength index and on-balance volume (RSI and OBV) have consistently trended downward throughout 2025, signalling persistent selling.
The next potential downside targets are the $534 and $464 price levels, both of which formed key levels as a support range formed between July and November 2024.
As Binance Coin Wobbles, Investors Pile into Best Wallet for Upcoming Tokens
With the general outlook of Binance Coin over the short-to-mid term looking uncertain, many are diversifying their portfolio by investing in presales projects with high upside potential.
Among the most beguiling is the new Best Wallet and its native utility token, $BEST.
Touted as the leading next-gen crypto wallet, analysts suggest it could take significant market share from giants like Trust Wallet and MetaMask.
Beyond secure self-custody, Best Wallet offers a suite of investor-friendly tools designed to help every newbies and old hands alike to stay ahead in a constantly shifting market.
Most of the hype around Best Wallet is thanks to its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it highlights all the most rewarding staking opportunities to optimize the earning potential of users’ portfolios.
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It utilizes Fireblocks’ MPC-CMP encryption to keep assets secure.
$BEST is currently $0.024225, but this will rise by a fraction as the presale progresses through to the next round in a little over 24 hours. Its fixed price means that it is likely to hold value better than Binance Coin in the coming months as the market awaits a new bull run.
All things considered, it’s no surprise that early investors have poured over $10.7 million into Best Wallet’s $BEST token presale to date.
Follow Best Wallet on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
