BNB surges to $1150! 24-hour increase of 7.5%, but this volatility needs to be monitored
Everyone, BNB's surge is really intense! It directly broke through the $1150 barrier, currently reported at $1154.16, with a solid 24-hour increase of 7.57%, and the bullish momentum is exhilarating. But don't just focus on the rise; this market volatility hides many undercurrents, and the risk strings must be tightened.
This surge isn't without reason; there are substantial funds backing it. Binance, as a leading exchange, saw an influx of user funds in 2024 that is 36% more than the combined total of the other top ten exchanges. Institutional and professional investors' large deposits are also rapidly increasing, clearly showing confidence in the platform's ecosystem and BNB. Moreover, on-chain data is quite telling, with whales quietly increasing their holdings; there was a previous instance of a single-month net inflow exceeding 7.4 million BNB, and significant funds supporting the price increase provide more confidence. Coupled with Binance's Launchpool and HODLer benefits, staking BNB can yield high returns and receive airdrops, naturally attracting users to lock in their holdings, further pushing up the price.
However, behind the excitement lies significant risk. From a technical perspective, $1150 is already a key short-term resistance level; it just broke through but hasn't stabilized yet. Next, we need to see if it can push to $1200; if buying pressure doesn't keep up, it might have to retrace to the support level of $1057, and if it breaks below, it could even test the psychological level of $1000.
Analysts are optimistic about BNB in the long term, with some even predicting it could reach $1986, but short-term volatility is really hard to endure. After all, BNB is closely tied to the Binance ecosystem, and any shift in market sentiment can easily lead to drastic fluctuations. Don't blindly chase high prices just because it has risen significantly; you must control your position well, and leverage should definitely be avoided. Do you think this surge can stabilize above $1150?
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