BNB Breaks $687 Resistance as Investors Seek Crypto Hedge Amid Global Tensions
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By AI Boost|Edited by Aoyon Ashraf
May 29, 2025, 5:04 p.m.
- BNB demonstrated significant bullish momentum over the 24-hour period, climbing from $683.71 to $688.80, with a notable range of 11.02 points (1.61%), according to CoinDesk Research’s AI-assisted technical analysis data model.
- Geopolitical tensions and trade disputes are creating ripple effects across cryptocurrency markets, with BNB showing resilience amid broader market uncertainty.
- Major countries’ trade policies are reshaping investment flows, as BNB breaks through key resistance at $687.50 with strong volume indicators.
Recent escalations in global trade disputes have created a complex backdrop for cryptocurrency markets, with BNB demonstrating notable strength despite economic headwinds.
The token’s upward momentum comes as investors seek alternative assets amid traditional market volatility caused by ongoing geopolitical tensions.
STORY CONTINUES BELOW
While central banks worldwide adjust monetary policies to combat inflation, digital assets like BNB are increasingly viewed as potential hedges against economic uncertainty.
Technical Analysis Highlights
- Price action formed a clear uptrend, breaking through key resistance at $687.50 with above-average volume during the 00:00 hour push to $691.06, establishing new support at the $688.70 level.
- Most significant price movement occurred between 23:00-00:00 when BNB surged on 45,675 units of volume (well above the 24-hour average), confirming strong buyer conviction.
- In the last hour, BNB experienced a notable price correction, retreating from its earlier peak of $690.11 at 01:21 to $688.87 by 02:06, representing a 0.18% decline.
- Increased volatility between 01:50-01:53 when it briefly rallied to $689.85 before encountering resistance, followed by a sharper downward movement at 01:57.
- Price dropped from $689.53 to $689.13 on significantly higher volume (926.88 units), suggesting profit-taking after the earlier uptrend.
External References
- “BNB Price Analysis and Short-term Forecast“, CoinPedia, published May 27, 2025.
- “Binance Coin (BNB) Nears $700 Resistance: Is $750 Next?“, The Crypto Basic, published May 28, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
