Despite SEC Victory, BNB Declines 4% on Mounting Global Trade Concerns

BNB Drops Nearly 4% Amid Rising Trade War Fears Despite Regulatory Win

Binance Coin (BNB) faced considerable selling pressure, sliding close to 4% within 24 hours as escalating global trade tensions overshadowed recent regulatory victories for Binance.

The token declined from $672.53 to $646.27, with heavy volume during key trading hours as investors reacted to fresh tariff announcements and geopolitical uncertainty.

Trade Dispute Sparks Market Unease
President Trump’s decision to increase tariffs on steel and aluminum imports from Canada and Mexico reignited concerns over a brewing trade conflict. This move unsettled global markets and put pressure on risk assets, including cryptocurrencies. Meanwhile, the SEC’s recent voluntary dismissal of its long-standing lawsuit against Binance and its CEO Changpeng Zhao offered regulatory relief, but the positive news failed to bolster BNB’s price amid the broader market jitters.

BNB Chain Shows Robust Activity Despite Price Drop
Despite price weakness, BNB’s underlying blockchain network remains strong. Binance Smart Chain (BSC) saw 1.93 million daily active users, while opBNB passed the 2 million user mark. Weekly trading volume totaled $69.75 billion, with total value locked steady at $10.5 billion. Key projects such as DeFi platform UpTop, options trader Volare Finance, and stablecoin payments app WeApe by Wello continue to enhance the ecosystem. Recent network upgrades include the launch of an incentive program for real-world asset tokenization, the rollout of an AI Bot, and testing of the Maxwell Hardfork for improved speed. The BNB AI Hack competition rewarded winners, and DappBay’s Featured Activities offered over $60,000 in prizes.

Technical Overview
BNB encountered significant resistance near $669.68, failing multiple times to break higher. Heavy selling pushed volume above 81,000 units as the price dipped below $650 support. While a modest support zone developed between $646 and $648, the trend remains bearish, characterized by lower highs and lower lows.

• BNB price dropped 3.91% from $672.53 to $646.27 in 24 hours.
• Peak selling volume of 100,471 units occurred around 16:00 establishing resistance at $669.68.
• Additional selling at midnight pushed volume to 81,409 units, driving price below $650.
• Support formed between $646 and $648, though overall bearish momentum continues.
• Hourly data shows higher lows hinting at a potential short-term rebound amid broader downtrend.

With trade tensions mounting, investors are cautious as they balance the positive regulatory signals against macroeconomic risks that may continue to weigh on BNB’s price trajectory.