Market
BNB Remains Resilient Amid Market Crash as Ecosystem Grows
BNB is down 8% in the last 30 days, but its correction remains notably less severe than those of BTC, ETH, XRP, and SOL. The overall crypto market slumped nearly 10% today, while BNB remains resilient.
Despite the bearish trend, BNB’s ecosystem remains strong. PancakeSwap, its largest DEX, generated more fees in the last seven days than Uniswap and Hyperliquid. In the coming weeks, BNB could break above $586 and target levels near $635 or even $680.
BNB DMI Shows Sellers Are Back In Control
BNB’s Directional Movement Index (DMI) shows that its Average Directional Index (ADX) is currently at 28.5, rising from 22.8 yesterday, signaling that the current trend is strengthening.
ADX measures trend strength but not direction, meaning that whether bullish or bearish, a rising ADX suggests an increase in momentum.
In this case, it remains in a downtrend, and the strengthening ADX indicates that the bearish pressure is becoming more dominant. Unless buying activity picks up, the downward movement could accelerate.
The +DI (Positive Directional Indicator) has dropped to 14.3, down from 28.2 two days ago, signaling that bullish momentum has weakened significantly.
Meanwhile, -DI (Negative Directional Indicator) has surged to 28.99, up from 15 two days ago, confirming that selling pressure is increasing.
With -DI now well above +DI, bears are fully in control, and BNB’s price is likely to remain under pressure. If this trend continues, BNB could face further declines unless bulls step in to reverse the momentum.
Ichimoku Cloud Shows a Bearish Setup For BNB
The Ichimoku Cloud for BNB shows that the price is currently trading well below the cloud, confirming a bearish trend. The sharp decline began after it was rejected from the Tenkan-sen (blue line), which is now sloping downward, reinforcing short-term weakness.
Additionally, the Kijun-sen (red line) remains above the price, signaling that momentum favors the bears. Unless BNB reclaims these key levels, the downtrend could continue in the coming sessions.
The future cloud remains red, suggesting that bearish conditions may persist. When the price is below the cloud, it indicates a clear downtrend, and a break above it would be necessary to shift momentum bullish again.
For now, BNB faces resistance at the Tenkan-sen and Kijun-sen, and failure to reclaim these levels could lead to further downside. If BNB remains below the cloud, the selling pressure may continue, making it difficult for bulls to regain control.
BNB Is Currently Trading Between Two Important Key Levels
BNB price is currently trading between support at $559 and resistance at $586, with price action consolidating in this range. If the $559 support is tested and lost, BNB could decline further toward $500, a key level.
A break below $500 would be significant, as it would mark the first time it trades below this level since September 2024.
With momentum indicators still favoring the bears, further downside remains a possibility if buying pressure does not increase.
On the other hand, if it can break above $586, it could gain momentum toward the $635 resistance.
A successful move past this level would signal a stronger uptrend, potentially pushing BNB toward $680.
For this scenario to unfold, bulls need to reclaim key resistance levels and reverse the current bearish sentiment. A sustained breakout above $635 would be the first sign of a trend shift.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
XRP price started a fresh increase above the $2.20 resistance. The price is now correcting gains and might find bids near the $2.050 zone.
- XRP price started a downside correction from the $2.250 resistance zone.
- The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
- There was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if there is a close below the $2.050 support zone.
XRP Price Dips Again
XRP price started a fresh increase above the $1.980 resistance, like Bitcoin and Ethereum. The price climbed above the $2.020 and $2.050 resistance levels.
A high was formed at $2.244 and the price recently started a downside correction. There was a move below the $2.120 support zone. Besides, there was a break below a connecting bullish trend line with support at $2.140 on the hourly chart of the XRP/USD pair.
The price even spiked below the 50% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The price is now trading below $2.120 and the 100-hourly Simple Moving Average.
On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.50.
Another Decline?
If XRP fails to clear the $2.120 resistance zone, it could start another decline. Initial support on the downside is near the $2.050 level and the 61.8% Fib retracement level of the upward move from the $1.920 swing low to the $2.244 high. The next major support is near the $2.00 level.
If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.840 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.050 and $2.00.
Major Resistance Levels – $2.120 and $2.180.
In Q1 2025, Ethereum solidified its leading position in the decentralized application (DApp) platform sector, generating $1.021 billion in fee revenue.
Other networks such as Base (Coinbase’s Layer-2), BNB Chain, Arbitrum, and Avalanche C-Chain also recorded significant revenue but lagged far behind Ethereum.
Fee Revenue Landscape Among Blockchains
According to Token Terminal, Ethereum maintained its top position among DApp platforms, with DApp fee revenue reaching $1.021 billion in Q1 2025. This figure highlights Ethereum’s dominance and strong growth within the DApp ecosystem.
Base, a Coinbase Layer-2 network, ranked second with $193 million in DApp fee revenue, showing notable growth but still trailing Ethereum. BNB Chain followed in third with $170 million, Arbitrum with $73.8 million, and Avalanche C-Chain in fifth with $27.68 million.
DApp fee revenue is a key metric for measuring a blockchain’s activity and user value. On Ethereum, popular DApps include DeFi protocols like Uniswap and Aave, NFT platforms like OpenSea, blockchain games, and social applications. The growth in Ethereum’s DApp fee revenue indicates sustained high demand for these applications despite competition from other networks and often high transaction costs (gas fees) on the mainnet.
Why Ethereum Leads
Several factors explain Ethereum’s continued leadership in DApp fee revenue. Firstly, Ethereum was the first blockchain to support smart contracts, laying the foundation for its DApp ecosystem. According to DappRadar data, Ethereum remains the blockchain with the largest DApps, hosting over 4,983 active DApps, below the BNB Chain.
Second, Ethereum’s high security and reliability make it the preferred choice for developers and users. Despite high mainnet transaction costs, Ethereum has improved performance through upgrades like Dencun (implemented in 2024), which reduced costs on Layer-2 networks and enhanced scalability.
Third, Ethereum’s DeFi ecosystem remains a primary driver of fee revenue. According to DefiLlama, the Total Value Locked (TVL) in Ethereum’s DeFi protocols reached $46 billion, representing 51% of the total TVL in the DeFi market.
While Ethereum leads, other networks are also showing significant growth. According to Token Terminal, Base, Coinbase’s Layer-2, generated $193 million in DApp fee revenue, a 45% increase from Q4 2024.
BNB Chain, with $170 million, remains a strong competitor due to low costs and a diverse DApp ecosystem, including platforms like PancakeSwap. Arbitrum, another Ethereum Layer-2, recorded $73.8 million, driven by the expansion of DeFi and blockchain gaming DApps. With $27.68 million, Avalanche C-Chain excels in finance and NFTs but cannot match Ethereum’s scale.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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Bitcoin price started a fresh decline from the $86,500 zone. BTC is now consolidating and might continue to decline below the $83,200 support.
- Bitcoin started a fresh decline from the $86,500 zone.
- The price is trading below $85,000 and the 100 hourly Simple moving average.
- There was a break below a connecting bullish trend line with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it clears the $84,500 zone.
Bitcoin Price Faces Rejection
Bitcoin price started a fresh increase above the $83,500 zone. BTC formed a base and gained pace for a move above the $84,000 and $85,500 resistance levels.
The bulls pumped the price above the $86,000 resistance. A high was formed at $86,401 and the price recently corrected some gains. There was a move below the $85,000 support. Besides, there was a break below a connecting bullish trend line with support at $84,500 on the hourly chart of the BTC/USD pair.
The price tested the $83,200 support. Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $84,000 level and the 23.6% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low.
The first key resistance is near the $84,500 level. The next key resistance could be $84,750 and the 50% Fib retracement level of the downward move from the $86,401 swing high to the $83,171 low.
A close above the $84,750 resistance might send the price further higher. In the stated case, the price could rise and test the $85,500 resistance level. Any more gains might send the price toward the $86,400 level.
Another Decline In BTC?
If Bitcoin fails to rise above the $85,000 resistance zone, it could start another decline. Immediate support on the downside is near the $83,500 level. The first major support is near the $83,200 level.
The next support is now near the $82,200 zone. Any more losses might send the price toward the $81,500 support in the near term. The main support sits at $80,800.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $83,200, followed by $82,200.
Major Resistance Levels – $84,750 and $85,500.
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