{"id":8053,"date":"2026-04-02T13:01:54","date_gmt":"2026-04-02T13:01:54","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8053"},"modified":"2026-04-02T13:01:54","modified_gmt":"2026-04-02T13:01:54","slug":"bnb-slips-below-590-as-trump-threatens-to-strike-iranian-power-plants","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8053","title":{"rendered":"BNB slips below $590 as Trump threatens to strike Iranian power plants"},"content":{"rendered":"

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\n\"A\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • Binance\u2019s BNB is down 4.5% in the last 24 hours and now trades below $590.<\/span><\/li>\n
  • The bearish performance comes as President Trump threatens to attack Iran\u2019s power plants.\u00a0<\/span><\/li>\n<\/ul>\n

    BNB (formerly Binance Coin) is currently trading below $585 as of Thursday, continuing its three-week decline.\u00a0<\/span><\/p>\n

    The correction has deepened following US President Donald Trump\u2019s statement that the ongoing US-Iran conflict could last until late April, which has dampened investor sentiment towards riskier assets.\u00a0<\/span><\/p>\n

    From a technical standpoint, momentum indicators are signaling a potential for further downside in BNB.<\/span><\/p>\n

    Trump\u2019s remarks weigh on market sentiment<\/h2>\n

    Bitcoin, Ether, BNB, and XRP are in the red after President Trump warned on Wednesday that the US-Iran war could extend until late April. He also threatened to target Iranian power plants and stated that Iran would be sent back to the \u201cStone Age\u201d if an agreement is not reached.<\/span><\/p>\n

    These statements have tempered hopes for de-escalation, further reducing investor appetite for riskier assets. As a result, the US Dollar (USD) and oil prices have strengthened, while US equities and other high-risk assets have come under pressure.\u00a0<\/span><\/p>\n

    Retail interest in BNB has also declined in recent days. According to <\/span>CoinGlass<\/span>, BNB\u2019s long-to-short ratio reads 0.80 on Thursday, its lowest point in a month.\u00a0<\/span><\/p>\n

    A ratio below one indicates bearish market sentiment, with traders betting on a further decline in BNB\u2019s price.<\/span><\/p>\n

    BNB could dip to February\u2019s low<\/h2>\n

    The BNB\/USD 4-hour chart is bearish and inefficient as BNB has underperformed in recent days.\u00a0<\/span><\/p>\n

    Currently, BNB is trading well below the 50-day, 100-day, and 200-day Exponential Moving Averages, which all trend higher above the current price and frame a broader bearish backdrop.\u00a0<\/span><\/p>\n

    The Relative Strength Index (RSI) on the 4-hour chart reads 42, below the neutral 50, indicating a bearish bias. The Moving Average Convergence Divergence (MACD) is also drifting deeper below the zero, signaling persistent selling pressure rather than a completed downside exhaustion.<\/span><\/p>\n

    \"BNB\/USD<\/p>\n

    If the bearish trend persists, BNB will retest the initial support at $570.16 (February\u2019s low). A break below this level would open the way toward lower daily lows and deepen the corrective phase toward the key psychological level at $500.<\/span><\/p>\n

    However, if the bulls regain control of the market, they would encounter immediate resistance at $697, in line with the descending EMAs.<\/span><\/p>\n

    A sustained recovery above this barrier would be needed to ease the current bearish tone and expose the next resistance at $790.79.<\/span><\/p>\n

    \u00a0<\/p>\n

    \n
    \n
    Share this article<\/h6>\n
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    Categories<\/h6>\n
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    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Analysis,Binance Coin News,BNB#BNB #slips #Trump #threatens #strike #Iranian #power #plants1775134914<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways Binance\u2019s BNB is down 4.5% in the last 24 hours and now trades below $590. The bearish performance comes as President Trump threatens to attack Iran\u2019s power plants.\u00a0 BNB (formerly Binance Coin) is currently trading below $585 as of Thursday, continuing its three-week decline.\u00a0 The correction has deepened following US President Donald Trump\u2019s<\/p>\n","protected":false},"author":1,"featured_media":8054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-8053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nBNB slips below $590 as Trump threatens to strike Iranian power plants - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"BNB slips below $590 and could retest the February low of $570 in the near term as Trump threatens to strike Iranian power plants.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8053\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB slips below $590 as Trump threatens to strike Iranian power plants\" \/>\n<meta property=\"og:description\" content=\"BNB slips below $590 and could retest the February low of $570 in the near term as Trump threatens to strike Iranian power plants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=8053\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-02T13:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/04\/ChatGPT-Image-Apr-2-2026-11_07_09-AM-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=8053\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=8053\",\"name\":\"BNB slips below $590 as Trump threatens to strike Iranian power plants - 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