BNB Price Weakens Past Support as Macro Jitters and Fed Outlook Drive Caution

BNB Wavers Below Key Levels Amid Global Tensions and Fed Uncertainty

BNB, the native asset powering the BNB Chain, declined by 1.7% over the last day, rattled by intensifying geopolitical concerns and macroeconomic uncertainty.

The drop follows reports of a deepening conflict between Iran and Israel, coupled with President Trump’s emergency meeting of the National Security Council, which has added fresh anxiety to global markets.

During Monday’s trading session, BNB oscillated in a tight range between $659 and $646, struggling to maintain support at the crucial $647 level. Data from CoinDesk Research shows the token now trading below this mark, suggesting growing caution among traders.

Despite short-term price weakness, the BNB ecosystem remains robust. In the past month, the network handled over $100 billion in DEX volume, including more than $10 billion in just the last 24 hours, according to DeFiLlama.

Market participants are watching the upcoming FOMC meeting closely, aware that any hint of policy changes could shift liquidity flows across risk assets like crypto. Meanwhile, anticipation remains high around VanEck’s BNB ETF application, seen as a possible gateway for institutional investors if approved.

Key Technical Takeaways:

• BNB slipped below the $647 support zone, amid surging volumes totaling 82,311 tokens.
• Resistance solidified between $658 and $659, confirmed by multiple price rejections.
• Brief rally to $655 faded, setting $655.70–$655.80 as near-term resistance.
• BNB is consolidating in a narrow range under resistance, maintaining a slightly bearish technical bias.