BNB has been in the spotlight in the last few weeks, with rising trading volume and growing interest in its ecosystem, including meme coins like TST. Despite the hype, BNB’s price is down more than 3% in the last seven days, reflecting continued market uncertainty.

Its DMI shows weak trend strength and growing selling pressure, while the Ichimoku Cloud indicates a bearish setup. With EMA lines showing no clear direction, BNB faces a critical moment as it could either regain momentum or drop below $600 if the downtrend continues.

BNB DMI Shows Buyers Tried to Gain Control, But Sellers Are Rising Again

BNB’s DMI chart shows its ADX at 14, reflecting weak trend strength after touching a low of 11.1 yesterday and briefly rising to nearly 16 a few hours ago.

ADX, or the Average Directional Index, measures the strength of a trend without indicating its direction. It ranges from 0 to 100, with values above 25 indicating a strong trend and values below 20 suggesting a weak or undefined trend.

With ADX at 14, BNB is currently in a low-momentum phase, indicating that the market lacks a clear directional trend.

+DI is at 22.5, up from 15.2 yesterday but down from 30.3 a few hours ago, suggesting that buying pressure increased but then weakened. Meanwhile, -DI is at 23.5, rising from 14.2 one day ago, indicating growing selling pressure.

The proximity of +DI and -DI shows a tug-of-war between buyers and sellers, reflecting market indecision. With ADX low and +DI and -DI close to each other, BNB price is likely to remain range-bound until a stronger trend emerges.

If +DI crosses above -DI, it could signal a bullish reversal, while -DI maintaining dominance could lead to further downside.

Ichimoku Cloud Shows a Bearish Setup

The Ichimoku Cloud for BNB shows a bearish outlook. The price is currently trading below the cloud, indicating downward momentum. The red cloud ahead suggests resistance, making it challenging for BNB to break above current levels.

The Tenkan-sen (blue line) is below the Kijun-sen (orange line), confirming a bearish crossover, which typically signals continued selling pressure.

Additionally, the Chikou Span (green line) is below the price action, supporting the bearish sentiment. If this downtrend continues, BNB could test lower support levels.

However, a breakout above the red cloud would be needed to shift to a bullish outlook. For now, the bearish structure remains intact, suggesting further downside risks.

BNB Could Drop Below $600

BNB’s EMA lines are currently very close to each other, indicating a lack of clear trend direction. This consolidation suggests market indecision, with neither bulls nor bears taking control.

Despite this, BNB has been in the spotlight recently, with its trading volume surpassing Solana and meme coins like TST gaining attention within the BNB ecosystem.

If it can regain positive momentum, it could test the resistance at $685, and breaking this level could push the price up to $731.

However, if a downtrend emerges, BNB price could test support at $629. Losing this level could lead to a decline to $589, marking its first drop below $600 since February 8.

Token unlocks are events when blockchain projects release previously restricted tokens to the market. These events are carefully planned to manage market impact and volatility. 

Often, these token unlocks lead to notable price movements. Here are three major token unlocks scheduled for the upcoming week:

1. Portal (PORTAL)

• Unlock Date: February 28
• Number of Tokens to be Unlocked: 25.61 million PORTAL (2.56% of max supply)
• Current Circulating Supply: 167.1 million PORTAL
• Total Supply: 1 billion PORTAL

Portal is the native utility token for a cross‑chain Web3 gaming platform that unites gamers and developers across multiple blockchain networks. The upcoming unlock will release tokens from several rounds of allocation. 

For instance, the Team & Advisors allocation will increase by approximately 920,000 tokens, while the Treasury allocation will add around 3.31 million tokens. 

With three rounds still pending, this unlock could inject fresh liquidity into the market, potentially affecting price dynamics and incentivizing further ecosystem development.

2. AltLayer (ALT)

• Unlock Date: February 25
• Number of Tokens to be Unlocked: 240.80 million ALT (2.41% of total supply)
• Current Circulating Supply: 2.55 billion ALT
• Total Supply: 10 billion ALT

AltLayer is a decentralized protocol designed to help blockchain developers launch and optimize Layer‑2 rollups via its “restaked rollup” mechanism. The ALT token plays a vital role in staking, governance, and protocol fee payments. 

This unlock is distributed across several allocations: Foundation/Treasury, Protocol Development, Ecosystem & Community, Team, Seed Round, Strategic Round, and Strategic Partners. The significant token release will likely enhance liquidity and further support AltLayer’s scaling and security initiatives.

Previously in 2024, ALT saw a significant drop in price ahead of its $100 million token unlock. However, the upcoming unlock is significantly smaller, but market volatility should be expected.

3. NFPrompt (NFP)

• Unlock Date: February 27
• Number of Tokens to be Unlocked: 14.51 million NFP (1.45% of max supply)
• Current Circulating Supply: 395.3 million NFP
• Total Supply: 1 billion NFP

NFPrompt is an AI‑powered content creation platform for Web3, empowering users to generate and monetize digital art and NFTs using advanced AI tools. The native NFP token is used for staking, payments, contest participation, and governance.

In this unlock, allocations will come from the Short-Term Growth Fund, Long-Term Treasury Fund, Team, and Investors. This release will add fresh tokens to the circulating supply, potentially impacting the token’s liquidity and market sentiment.

Overall, these unlocks represent nearly $17.71 million worth of tokens entering the market this week. 

With fresh liquidity and increased participation in governance and staking, investors and community members should watch for potential price volatility and strategic shifts in each project’s roadmap.

The Binance Smart Chain (BSC)-based meme coin, TST, has jumped nearly 50% in the past 24 hours, reaching a one-week high.

The price spike comes after Binance co-founder Changpeng Zhao (CZ) conducted his first-ever decentralized exchange (DEX) trade involving the token.

CZ Trades on a DEX for the First Time Using TST

On February 22, CZ executed his first-ever DEX trade, purchasing TST and providing liquidity.

He admitted facing difficulties since he had never used a DEX before, having always traded on centralized exchanges (CEX).

“I wanted to put a few BNB in TST liquidity pool, as a test. I had seen demos of Pancake before. It looked so simple. I thought how hard could it be? But I forgot my IQ level,” Zhou stated.

Despite stepping back from Binance’s daily operations, Zhou’s actions continue to shape market sentiment. His unexpected move has sparked speculation across the crypto community. Some users on X believe it hints at a potential new Binance-related product or initiative.

Meanwhile, the Binance founder stated that his goal was to contribute Binance Coin (BNB) to the TST liquidity pool, but navigating the unfamiliar interface proved challenging. Liquidity providers help facilitate trades and, in return, receive a share of transaction fees.

Blockchain analytics platform Lookonchain reported that CZ spent 1 BNB (worth $660) to acquire 5,388 TST. He later contributed 1,111 TST and 0.096 WBNB (worth $64) to the liquidity pool.

“I didn’t follow any video tutorials. I kinda wanted to see what a first experience would be like. As a noob, I have to say the DEX experience can be improved, a lot! The error messages don’t make any sense. There are probably bots trying to front run my public address (or any large transaction I suspect). And why can everyone watch what I was doing in real time?” CZ wrote on X (formerly Twitter).

Following his DEX trade, TST’s value surged by over 50%, showing how influential his involvement remains.

However, the token still trades significantly below its all-time high of $0.47, recorded on February 9.

TST was initially launched as a test token by BSC meme coin deployer Four.Meme. CZ’s social media mention of the asset brought significant attention.

While some view it as an experimental trade, critics argue that his involvement inadvertently boosted engagement on the BNB Network.