Binance Coin (BNB) Price Drops Almost 4% as Trading Volume Plunges 50%

This comes after Binance co-founder Changpeng Zhao, aka CZ, said he is donating 500BNB each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding.

The BNB price dropped almost 4% in the last 24 hours to trade at $612.83 as of 12:18 a.m. EST on trading volume that plunged 51% to $1 billion.

This comes after Binance co-founder Changpeng Zhao, aka CZ, said he is donating 500BNB each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding.

I will donate 500 BNB each to Myanmar and Thailand.

Is there a transparent on-chain donation system with DID? If not, I will rely on @Binance and @Binance_TH_ to distribute.

— CZ 🔶 BNB (@cz_binance) March 28, 2025

Binance Coin Price Aims For A Rebound

The BNB price on the 4-hour timeframe shows a recent uptrend followed by a pullback. The Binance Coin price is currently trading at $612.83, having experienced a slight decline from a falling channel pattern.

On the other hand, the BNB price has recently tested the 200-day Simple Moving Average (SMA) at $604.96, a critical support level. If this level holds, BNB may rebound and resume its upward trajectory.

However, the 50-day SMA, currently at $628.91, is acting as resistance, with the price struggling to stay above it.

The Relative Strength Index (RSI) is currently at 36.29, indicating weakening momentum and that BNB is approaching oversold conditions.

BNB Price Prediction

The BNB price is at a crucial support zone, given the current technical setup. If it holds above the 200-period SMA at $604.96, a rebound toward the $620–$630 range is likely, with a potential move back toward the upper boundary of the ascending channel near $650.

However, if the price of BNB breaks below $604.96 with increased selling pressure, the Binance Coin could decline further, with the next significant support level around $580 and, in an extended downtrend, possibly $550.

As the BNB price aims for a rebound, investors are rushing to buy the Meme Index (MEMEX) presale before it’s too late.

According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.

Meme Index Presale Closes On $4.5 Million – Last Chance To Buy

The Meme Index offers diversified meme coin investing for the first time and there are now only 2 days left in its presale.

Despite the recent market downturn, the presale has surged past $4.3 million in funding.

GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!

— Meme Coin Mania (@MemeCoinMania77) February 5, 2025

The project offers four main indexes: the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index, each catering to different levels of risk and potential reward.

Meme Titan is the safest option, investing in top meme coins like Dogecoin, Shiba Inu, and Pepe. Meme Frenzy is the riskiest, offering a wild ride with both huge potential upside and downside for those with a strong stomach.

MEMEX holders can also take part in its presale staking pool, which currently provides a stratospheric annual yield of 536%.

You can purchase MEMEX tokens on the official website for just $0.0166883.