- BNB trades near $899 as volume spikes, testing critical support levels.
- BlackRock’s BUIDL Fund launch boosts institutional interest in the BNB Chain.
- Technical indicators show mixed signals, with resistance and downward pressure present.
Binance Coin — BNB , is under close scrutiny as it tests key support levels. Currently trading at $899.23, the coin fell 1.44% in the past 24 hours. Despite the decline, trading volume surged to $3.75 billion, up more than 60%. Over the past week, BNB has retreated 8.6%. Investors are watching technical signals closely while assessing institutional developments, including BlackRock’s recent launch of its BUIDL Fund on BNB Chain.
BlackRock Enters BNB Chain
BlackRock officially launched its BUIDL Fund on BNB Chain, a major milestone for the ecosystem. Binance has approved the fund as collateral, signaling growing institutional confidence. The fund uses Securitize and Wormhole protocols to enable seamless institutional trading. This integration aims to bridge traditional financial assets with decentralized finance solutions.
Sarah Song, Head of Business Development at BNB Chain, said the chain focuses on scalable, secure, and low-cost financial applications. She added that BUIDL converts real-world assets into programmable financial instruments. The fund allows institutions to access liquidity and exposure to U.S. Treasury yields through on-chain instruments. Analysts predict this development could boost on-chain activity and increase total value locked on BNB.
Similar initiatives in the past often drive higher engagement and liquidity growth. The fund’s launch provides institutional participants with a new way to leverage blockchain infrastructure while connecting with traditional finance. By approving collateral usage, Binance has opened doors for professional traders and fund managers to deploy capital efficiently on BNB Chain .
Technical Analysis Shows Mixed Signals
BNB remains supported in a demand zone between $900 and $925. Crypto analyst Cryptorphic highlights a higher-low pattern in the Relative Strength Index, suggesting potential bullish divergence. If BNB breaks above the trendline, it could signal renewed momentum. However, a drop below $880 might destabilize current support levels and invite further downside.
The price chart shows a series of lower highs and lower lows over recent weeks. BNB is down 18% for the month and struggles to reclaim a former support zone now acting as resistance. The RSI shows weakening bullish momentum, remaining below mid-range levels. This signals that buyers have yet to regain control. Controversy surrounding Binance adds extra pressure on the market.
Founder Changpeng Zhao recently received a pardon from former President Trump after serving a four-month prison term. This pardon has sparked scrutiny over potential pay-to-play allegations. An investigation by the International Consortium of Investigative Journalists linked Binance to the flow of $28 billion connected to illicit activity over the past two years.
Additionally, Binance completed a $2 billion deal in May with an Emirati fund using digital currency tied to the Trump family’s World Liberty Financial firm. Zhao’s pardon application coincided with that transaction. Despite controversy, BlackRock’s BUIDL Fund launch represents a strategic step for bridging institutional finance and blockchain infrastructure.
