BNB Struggles to Recover: Bears Dominate Despite Recovery Attempts

Binance Coin (BNB) price analysis for March 4, 2025, reveals a challenging day for the cryptocurrency as it attempts to recover from a dip to $546. Despite brief bullish efforts, BNB struggled to maintain key support levels, with bears remaining in control. Market volatility, liquidity shifts, and technical indicators are shaping BNB price predictions, keeping traders on edge for the next move.

Monday's recovery attempt failed to gain momentum, as BNB faced renewed selling pressure. The trading day started with a downward trading range, with the price finding resistance at $623.49. A death cross on the MACD line at 1:00 UTC initiated a downward channel, and oversold conditions on the RSI drove the price lower, maintaining bearish momentum. Another oversold signal at 6:45 UTC further pressured the price downward, and a third oversold signal at 8:50 UTC led to the price finding support at $595.54. Shortly after, a golden cross on the MACD line at 9:30 UTC signaled an upward trend, but the price moved within a moderate trading range and faced resistance again.

Later in the day, a death cross on the MACD line at 14:05 UTC suggested a downward channel, followed by oversold conditions on the RSI indicator at 14:55 UTC, leading to a breakdown. The price struggled at the support level but failed to hold, and another death cross on the MACD line at 18:00 UTC fueled further decline. With oversold conditions at 18:40 UTC, continuous selling pressure drove the price further down to a new support level at $567.50, where it fluctuated moderately within a range.

On March 4th, the trading day started with a moderate trading range. A death cross on the MACD line at 00:35 UTC initiated a downward trend, causing the price to drop sharply from the support level. A breakdown followed, with the price falling further and finding temporary support at $546.96 after oversold conditions at 1:45 UTC and 2:25 UTC. A golden cross on the MACD line at 2:25 UTC signaled a potential upward channel, and the price fluctuated near the current resistance