BNB Slides 4% as Trade Conflicts Eclipse Positive SEC Developments

BNB Drops Nearly 4% Amid Renewed Trade War Concerns Despite Regulatory Wins

Binance Coin (BNB) fell sharply by almost 4% over the last 24 hours, pressured by escalating global trade tensions that have overshadowed a recent regulatory victory for Binance.

The token declined from $672.53 to a session low of $646.27, with heavy selling volume during key trading periods as investors reacted to worsening macroeconomic uncertainty.

Trade Conflict Fears Cloud Market Optimism
President Trump’s announcement of new tariffs on Canada and Mexico reignited fears of a broader trade war, shaking markets worldwide. This move came despite the U.S. Securities and Exchange Commission’s voluntary withdrawal of its long-standing lawsuit against Binance and CEO Changpeng Zhao, which had alleged unregistered securities trading on the platform. The dismissal was seen as a significant legal win but has so far failed to buoy BNB’s price amid macro headwinds.

Robust Activity on BNB Chain Amid Price Pressure
Despite the downturn in price, BNB Chain saw strong network activity. Binance Smart Chain daily active users reached 1.93 million, while opBNB users surpassed 2 million. Weekly trading volume hit $69.75 billion, and total value locked stood firm at $10.5 billion. Key recent projects included DeFi platform UpTop, options trading platform Volare Finance, and stablecoin payment solution WeApe by Wello. The chain also launched new initiatives including a real-world asset incentive program, an AI Bot, and the Maxwell Hardfork testnet for faster block confirmations. The BNB AI Hack recently crowned winners, while DappBay’s Featured Activities Series offers over $60,000 in rewards.

Technical Overview
BNB faced a strong resistance zone around $669.68, where repeated attempts to rally failed. A renewed wave of selling late in the day pushed volume to 81,409 units as prices broke below the $650 support level. Although BNB stabilized around $646-$648, the overall trend remains bearish with lower highs and lows signaling persistent selling pressure.

BNB fell 3.91%, dropping from $672.53 to $646.27 within 24 hours.
Highest selling volume peaked at 100,471 units near 16:00, confirming resistance at $669.68.
Additional selling pressure at midnight pushed volume to 81,409 units and price below $650.
A tentative support zone formed between $646 and $648.
Hourly charts indicate higher lows forming an ascending support trendline, suggesting a short-term bullish attempt that may temper further declines.

As geopolitical tensions continue to escalate, traders remain cautious, balancing the positive regulatory developments with the heightened risk environment that could continue to pressure BNB’s price.