BNB, alongside Bitcoin, remains one of the least affected altcoins, with minimal drops compared to others that fell up to 98.5% from their all-time highs.
Over the past week, Binance Coin (BNB) has fluctuated between $577 and $595, demonstrating an overall upward trend from April 12 to April 18, 2025.
BNB experienced sharp price spikes around April 16 and 17, rising from approximately $577 to $591 before settling back. Despite these fluctuations, the cryptocurrency has shown positive movement.
Over the last 24 hours, BNB saw a modest increase of 0.8%, reflecting a positive short-term sentiment.
BNB Resilience Compared to Other Altcoins
Amid fluctuations, CryptoQuant, a leading on-chain data and analytics provider, highlighted BNB as one of the most resilient altcoins in the crypto market during this period.
Unlike other crypto assets that have faced drastic drops of up to 98.5% from their all-time highs, BNB, alongside Bitcoin, has been one of the least affected. BNB is also one of the few that reached a new all-time high during the latest market cycle.
BNB: The Most Resilient Altcoin in the Crypto Market
“While most altcoins have suffered drops of up to -98.5% from their all-time highs, BNB stands out alongside Bitcoin (BTC) as one of the least affected cryptocurrencies” – By @joao_wedson
Link ⤵️https://t.co/QLQwJOkfF7 pic.twitter.com/T7Wa6sK6jQ
— CryptoQuant.com (@cryptoquant_com) April 17, 2025
According to CryptoQuant’s chart, the period between 2022 and 2023 experienced significant drawdowns across the broader crypto market. However, BNB (Binance Coin) was among the least affected during this time.
The chart displays BNB in a pale red color, which indicates a smaller decline compared to other cryptocurrencies shown in darker shades of red.
Notably, other altcoins like Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) have experienced significant fluctuations, marked by extended periods of drawdowns and recoveries. Smaller cryptocurrencies such as COMP, DASH, and CAKE have been the hardest hit by these market shifts.
In addition, as the market progressed, BNB appears to have defended its gains better than most assets, second only to Bitcoin in the ongoing drawdown. Data shows BNB tilting toward the gray to blue region, which indicates lower declines.
The Utility Behind BNB’s Strength
Per CrytoQuant, BNB’s resilience is attributed not only to its price action but also to its strong fundamentals. For one, Binance has created a vast ecosystem where the coin is heavily integrated.
BNB is widely used for transaction fees, trading fees, and within the Binance Smart Chain (BSC) for decentralized applications. Many traders also prefer swapping altcoins directly into BNB, which increases its demand. This ongoing utility, coupled with its growing adoption, positions BNB as one of the strongest-performing altcoins in the market.
Meanwhile, analyst Master of Crypto emphasized BNB’s strong standing. He pointed out that its real-world use cases, including powering the Binance ecosystem and facilitating transactions, differentiate it from other crypto assets that lack utility. This practical application continues to support BNB’s value.
Technical Indicators and Future Outlook
Despite its overall stability, BNB’s technical indicators are currently showing neutral movements. The Relative Strength Index (RSI) is at 48.57, placing it in the neutral zone. This suggests no strong momentum in either direction.
The RSI has remained relatively stable, indicating that the market is in a period of consolidation, with neither buyers nor sellers dominating. If the RSI surpasses 50, it could signal increasing bullish momentum. Conversely, if it drops below 45, this could signal weakening price momentum.
The Moving Average Convergence Divergence (MACD) points to a slight shift in momentum. The MACD line is currently above the Signal Line, signaling a potential bullish trend.
However, the negative Signal Line indicates that some bearish pressure remains. Additionally, the MACD Histogram is starting to show green bars, pointing to a slowdown in selling momentum and the possibility of buyers gaining control.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
