Binance News: BNB Faces Minor Bearish Pressure but Buyers Aim for Upward Correction

Binance Coin (BNB) Price Prediction for March 21

In the last 24 hours, the price of BNB has been under minor bearish pressure, getting rejected below $640. However, buyers are aiming for an upward correction as the price gains momentum for another retest of resistance at $640. BNB’s trading volume has dropped by 16.4% in the past 24 hours, reaching $1.96 billion. Looking at the bigger picture, BNB has faced increasing downward volatility since the crash on February 3 but is now recovering with a bullish rally. Its market cap has surged by 0.5% to $90.3 billion. Additionally, BNB’s price has been on an upward trajectory but struggling to break above $640, with buyers aiming for a break above immediate Fib levels to strengthen the bullish rally.

Bitcoin Hits 2025 High Net Taker Volume on Binance

Bitcoin has lost 2.5% of its value over the last 24 hours, but over the past week, it has registered a strong upswing, climbing from $76,600 to $87,470. This latest price pump is a sign of potential shifting market dynamics with buyers returning. CryptoQuant’s analysis shows a potential hike in buying pressure, with Binance’s net taker volume surging to $467 million, its highest level of 2025. This massive volume spike indicates stronger buying pressure than selling, suggesting improving sentiment in the market.