Binance Coin (BNB) Price Prediction 2022-2025: Will BNB Recover Its ATH?

Despite the recent market downturn, Binance Coin (BNB) remains one of the most popular and valuable cryptocurrencies in the world.

Binance Coin [BNB] encountered a crucial descending trend line recently, as highlighted by the TradingView chart. Despite attempts by BNB bulls to break above it, their efforts were unsuccessful.

The price faced selling pressure around the $525 level, which led to a pullback to the current price. This trend line has been impacting the market since mid-July.

The stochastic Relative Strength Index also indicated an overbought zone. This suggested a potential for further dips in BNB’s prices.

Mixed BNB metrics

As per Coinglass’ net flow data, BNB’s spot inflows and outflows were observed to be inconsistent, with a high outflow noted recently.

This could be viewed as a response to the trend line’s bounce, where investors are dumping their positions.

The net outflow, in turn, suggests that more coins are being withdrawn from exchanges than being deposited, which may indicate short-term bearishness.

Despite the increasing outflows, the Funding Rates indicated no strong bias. It was noted to be almost zero. This means neither BNB bulls nor bears can claim any advantage over the other.

It implied a neutral Funding Rate, where investors seem to be in a ‘wait and watch’ situation until some strong movement on either side of the market before deciding on the trading direction.

Adding to the above, AMBCrypto’s analysis of BNB’s liquidation data showed significant liquidation pools below the press time trading price.

This liquidation pool may act as a magnet to pull down its price further.

Realistic or not, here’s BNB’s market cap in BTC’s terms

Are further dips on the cards?

Combining the strong trendline resistance, mixed net flow, and neutral funding rates, BNB is geared for a more bearish run ahead.

However, if the bulls put more buying pressure on the market and take up a significant long position, the price can stabilize for a bullish run.

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