BNB price action shows signs of pressure and potential while legal tides turn sharply in Binance’s favor. Let’s explore what’s happening on the charts and in the courts.
BNB Targets 16% Rally if Price Holds Above Key Triangle Support
On May 30, 2025, the 4-hour Binance Coin to Tether (BNB/USDT) chart formed an ascending triangle pattern.
An ascending triangle is a bullish continuation formation that appears when the price makes higher lows while meeting resistance at a flat horizontal level, signaling potential breakout pressure.
If the pattern confirms, the price may climb 16% from the current level of $671.55 to approximately $778.42.
Currently, the price is testing the lower support trendline of the triangle. It has already dipped below the 50-period Exponential Moving Average (EMA), which stands at $674.25. This breach signals weakening short-term momentum. However, the structure of the triangle remains intact for now.
Volume remains relatively low during this test phase. That’s typical before major breakouts or breakdowns. If BNB rebounds from this support line and breaks above the horizontal resistance near $700, it could activate the 16% upside move.
However, if the price breaks below the rising support trendline with increasing volume, the bullish setup would invalidate. Traders will likely watch for a decisive candle and confirmation above resistance to validate the pattern’s target.
BNB RSI Drops Toward Oversold Zone, Signaling Weak Momentum
On May 30, 2025, the 4-hour Binance Coin to Tether (BNB/USDT) chart displayed the 14-period Relative Strength Index (RSI) and its moving average.
The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements on a scale of 0 to 100. Readings below 30 suggest oversold conditions, while readings above 70 indicate overbought levels.
At the time of analysis, the RSI stands at 40.33, while its moving average is 53.36. This positioning shows that momentum is weakening and approaching the oversold zone. The sharp drop from above 60 to the current 40 range signals increasing bearish pressure in the short term.
Additionally, the RSI line has crossed below its moving average, confirming downward momentum. This crossover often suggests short-term selling pressure may persist unless the RSI rebounds and crosses back above.
If RSI continues falling toward 30, it may indicate stronger selling momentum. However, if it stabilizes or reverses from current levels, that may point to early accumulation or sideways price action ahead.
BNB MACD Bearish Crossover Signals Loss of Momentum
On May 30, 2025, the daily Binance Coin to Tether (BNB/USDT) chart showed a weakening signal on the Moving Average Convergence Divergence (MACD) indicator.
The Moving Average Convergence Divergence is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It consists of the MACD line (blue), the signal line (orange), and the histogram.
At the time of analysis, the MACD line stands at 14.59, while the signal line is slightly higher at 15.15. The histogram shows a negative value of -0.56, indicating that the MACD line has crossed below the signal line.
This crossover points to a potential bearish shift in momentum. The histogram has just turned red, confirming early selling pressure. If this trend continues, it may suggest further downside or consolidation in the short term.
However, the separation between the lines remains narrow, and a reversal is still possible if the MACD line crosses back above. Traders typically watch for a deeper histogram contraction or widening spread to validate the momentum direction.
SEC Ends Binance Lawsuit in Major Shift Under Trump Administration
On May 29, 2025, the U.S. Securities and Exchange Commission (SEC) officially ended its nearly two-year lawsuit against crypto exchange Binance and its co-founder Changpeng Zhao. The SEC and Binance filed a joint motion in a Washington, D.C. federal court requesting the case be dismissed with prejudice, blocking any future re-filing.
The filing noted that the SEC’s internal Crypto Task Force “might impact and facilitate the potential resolution of this litigation.” The agency cited policy considerations and discretionary judgment as reasons for the dismissal.
The lawsuit began in June 2023, when the SEC accused Binance, Zhao, and its U.S. arm BAM Trading of violating securities laws, mishandling customer funds, and misleading users. However, legal proceedings stalled in February and again in April 2025, suggesting the agency was reconsidering its position.
This motion comes just months after Binance and Zhao resolved a separate case with the U.S. Department of Justice in November 2023. That settlement involved a $4.3 billion penalty, admissions of sanctions violations, unlicensed money transmission, and weak Anti-Money Laundering controls. Zhao resigned as CEO and later received a four-month prison sentence in April 2024 after pleading guilty to money laundering charges.
Following the SEC’s withdrawal, Binance responded on X, calling the move a “huge win for crypto” and crediting President Donald Trump and new SEC Chair Paul Atkins for reversing the agency’s enforcement-heavy stance.
The dismissal marks another retreat by the SEC under the Trump administration. The regulator has recently dropped or settled cases against Coinbase, ConsenSys, and Kraken. It also closed investigations into Circle, Immutable, and OpenSea.
Chair Atkins, a former crypto lobbyist, has pledged to replace enforcement with regulation through policy discussions. Under his leadership, the SEC has launched industry roundtables aimed at shaping a formal digital asset framework.
