BNB Price Shows Resilience After Israel-Iran Clash Sparks Risk Asset Flight

Binance Coin (BNB) shows flexibility after a stormy week of financial markets, as Israel attacked Iran in an attempt to reduce its nuclear program and missile capabilities, which led to a large -scale missile attack.

The conflict witnessed that investors flee the risk assets and led to more than $ 700 million of the qualifiers in the encryption market within only 24 hours, according to Coinglass. However, BNB managed to maintain a slightly more than 1 % narrow trading, and resist the wider etcin withdrawal.

After the sale, BNB failed to break more than $ 660, and its immediate resistance level according to the Coindsk Research Technical Analysis Model, and since then it has been integrated into a similar triangular style.

Despite the setback, the currency remained higher than the main support at $ 640, a region in line with the level of Fibonacci’s re -imitation by 78.6 %. Trading volume analysis indicates that sellers control nearly $ 655.5, while the buyer’s base is about $ 649, the form explains.

Technologies indicate a mixed image. The average divergence of the negative moving rapprochement (MACD) has turned, and the RSI Index sits slightly less than 50, hinting to the fading momentum.

However, the moving averages for 50/200 days approach the golden cross, and the Chaikin money flow index remains positive, a preparation that has historically previously promoted escalating repercussions, according to the model.

But the feelings about BNB are not all bullies. Taker Volume, a scale of aggressive sale, was the lowest level in several weeks -197 million dollars.

Meanwhile, even with the high volume of permanent trading in Binance Smart Series a significantly a month, this activity does not seem to have sparked a new demand for BNB. Open benefit for futures contracts remains less than 30 % of the December Summit.