The Binance coin recorded a strong increase of more than 10% in the last 24 hours, reaching $1.270, according to data from the CoinMarketCap platform. This rise comes as part of a broader recovery in the cryptocurrency market, driven by easing trade tensions between the United States and China, and renewed investor confidence after last week's sharp sell-off.

On the other hand, the market capitalization of BNB has increased to $176.7 billion, while the daily trading volume reached about $8.8 billion. The currency has outperformed most major cryptocurrencies, placing it among the biggest gainers in terms of market capitalization for the day.

Reasons for BNB's rise

Analysts believe that the rise of the Binance coin $BNB is attributed to easing macroeconomic pressures, alongside renewed activities within the Binance ecosystem. These activities include increased trading volumes on the decentralized platform and expectations of continued coin burns, which enhance confidence in the coin's future performance.

Technical analysis and market performance

Technically, BNB managed to break the short-term resistance at the $1,200 level, and chart indicators suggest the possibility of continued upward movement if general market optimism persists.

It is worth noting that the daily increase of 10% in BNB reflects its stability during recent fluctuations, and its resilience and strength as one of the strongest assets among major cryptocurrencies, at the start of the week.

Price analysis

Current price: $1,299.39.

Highest price in 24 hours: $1,307.91.

Lowest price in 24 hours: $1,109.59.

Daily trading volume: Approximately $9.9 billion.

Market capitalization: Approximately $180.9 billion.

Technical analysis

Technical indicators: The Relative Strength Index (RSI) indicates positive momentum, enhancing the likelihood of continued upward movement.

Moving averages: The currency is trading above the key moving averages, indicating a strong upward trend.

Key support: $1,200

Key resistance: $1,350

Future expectations

  • Short-term expectations: If the upward momentum continues, BNB may target the $1,350 level in the coming weeks.

  • Medium-term expectations: Prices are expected to range between $1,250 and $1,400 until the end of 2025, based on technical analysis and current data.

  • Long-term expectations: Some analyses predict that $BNB will reach levels between $2,000 and $3,000 by 2026 if the upward trend in the market continues.

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