- BNB has demonstrated a considerable resilience of the market, similar to Bitcoin in the recent past that was catalyzed by the increasing demand.
- Bullish Sentiment has been built up for the BNB price in the last three months, but it can be postponed if the support level is violated at $ 520.
In a surprising step to crypto traders, Kraken Exchange had not mentioned Binance Coin (BNB) so far. Earlier on Thursday, Kraken Exchange announced that deposits and recordings of BNB were engaged prior to the list of April 22.
Kraken Exchange mentions BNB against the US dollars, the EUR, USDC and USDT. Kraken Exchange, however, announced that geographical limitations will be imposed where applicable.
The announcement attracted various reactions from the crypto community. Although some were surprised that Kraken had not mentioned the fifth largest crypto assets in Market Cap, Binance, co-founder of Binance Changpeng Zhao said That ‘BNB is a memecoin’.
Top reasons why Kraken mentioned BNB?
The list of BNB at Kraken Exchange was strategic after years of existence. On the top list, BNB has received a significant clarity of the regulations in recent years, led by the United States. Under the Donald Trump administration, Kraken Exchange has also expanded its services to compete with other similar companies.
The approval of BNB has grown considerably in recent years, reinforced by the Binance grant. Moreover, the rising activity at the chain for the BNB chain has helped to burn more than 60 million tokens worth more than $ 34 billion.
Interim expectations
Since the beginning of 2025, the BNB price has closely followed the Bitcoin price campaign. The large Cap Altcoin, with a completely diluted appreciation of around $ 86 billion and an average trade volume of 24 hours of around $ 526 million, has shown considerable market criminal fortress in the midst of the current worldwide trade war.
In the daily age of time, BNB Price has been a potential reversing pattern since the second inauguration of Trump. It is remarkable that BNB price has set a robust support level above $ 520, in combination with a bullish divergence of the Relative Strength (RSI).