Binance Coin Tests $700 Resistance Amid Market Uncertainty
Binance Coin (BNB) is currently testing a critical psychological resistance level at $700, having reached $697 before experiencing a minor pullback to $681. This price action has sparked debate among market participants, with some viewing it as a potential bearish reversal and others as a temporary pause before further gains. The daily chart indicates a bullish breakout pattern, with BNB testing Tuesday’s peak. A cluster of exponential moving averages (50, 100, and 200-day) is forming a support base, suggesting underlying strength. As of May 29, 2025, the cryptocurrency market remains volatile, and BNB’s ability to break through the $700 barrier could set the tone for its near-term trajectory. Investors are closely watching for signs of either a breakout or rejection at this key level.
Binance Coin Nears Key Resistance Level Amid Market Volatility
Binance Coin (BNB) approaches the $700 psychological barrier, reaching $697 before a slight pullback to $681. Market participants are divided on whether this signals a bearish reversal or a temporary pause before another upward push.
The daily chart reveals a bullish breakout pattern, with BNB’s price action testing Tuesday’s peak. A cluster of exponential moving averages (50, 100, and 200-day) now forms a support base NEAR $636, creating a potential floor for any downward movement.
Technical indicators show mixed signals. While the MACD maintains a bullish alignment above the centerline, the converging lines suggest mounting volatility. Traders await a decisive break either above $700 for continuation or below $637 for correction.
Cetus Community Approves $60M Recovery Plan After $260M Cyberattack
The Cetus protocol, a leading liquidation platform on sui blockchain, suffered a $260 million cyberattack on May 23, 2025. Within days, 54% of community members voted to implement a recovery plan backed by a $60 million credit facility from the Sui Foundation.
Market confidence rebounded sharply following the announcement, with Cetus’ native token surging 30% to $0.17. Former Binance CEO Changpeng Zhao notably voiced support for the community-led recovery effort.
The proposed solution aims to compensate users for frozen assets while establishing safeguards against future exploits. SUI Foundation emphasized its commitment to "SAFE and sustainable" solutions in its public statement.
BNB Rally Spurs Utility Token Interest as Ruvi AI Gains Traction
Binance Coin’s 5.4% surge has reignited investor appetite for utility tokens, with BNB’s ecosystem dominance underscoring the market’s preference for assets delivering tangible functionality. The rally coincides with rising interest in Ruvi AI, a blockchain-AI hybrid targeting healthcare, logistics, and finance applications.
Ruvi AI’s presale momentum positions it as a notable contender in the utility token space. Its real-world integration strategy mirrors BNB’s success formula—where transactional utility and platform integration drive value beyond speculative trading.
