Today, as soon as I opened my eyes, the price of BNB soared to 1029 USD, and many fans in the groups were in an uproar! This surge is not coincidental; I carefully reviewed the latest news and the 1-hour technical chart and found that there are many secrets hidden behind it.

News: Why did BNB suddenly become strong?

Recently, the cryptocurrency market has been calm, but the favorable news for BNB has not ceased! First, new activities were launched in the DeFi projects on the Binance ecosystem, and the locked positions surged, directly increasing the demand for BNB.

Furthermore, I heard that the inflation data from the neighbors in America has eased, and large funds are starting to flow back into cryptocurrency. As the leading platform token, BNB naturally benefits first. These news may not be earth-shattering, but they provide a solid foundation for the price of BNB.

Technical analysis: The 1-hour chart shows key levels.

From the 1-hour chart, BNB staged a 'breakout' today! I drew lines and found that 1000 USD was a strong resistance level, it lingered for several days, but today it surged past in one go, now it's fluctuating above 1020. The current support level is at 1000 USD, and the resistance level is around 1050 USD. If trading volume continues to increase, it might even hit 1100. Technical indicators like MACD show a bullish crossover, short-term trend is positive, but the hourly chart is volatile, so retail investors need to stay alert and not get shaken out.

Impact on the market: BNB leads the way, will small coins follow?

With this rise in BNB, not only are they happy, but it may also boost the overall market sentiment! Especially other platform tokens like OKB and HT, which often follow the trend. If BNB stabilizes, DeFi and gaming-related small coins might also rotate for a rebound. However, Sister Xin observes that market funds are still cautious; Bitcoin hasn't made significant movements, so don't expect a full bull market. Focus on strong coins.

Sister Xin's view: looking bullish in the short term, but don't be reckless!

Personally, I think BNB's breakout this time has potential, with the news and technicals resonating, it might still push higher. But the crypto market changes faster than flipping a book, so retail investors must be careful! My strategy is: if it pulls back to the 1000-1010 range, I can build positions in batches, with a stop-loss set at 980 USD; if it directly surges to 1050, consider partial profit-taking. Remember, position control is key, don't be greedy when you make a profit, and don't panic when you incur losses.

What should retail investors do? Sister Xin gives you three pieces of advice:

Don't chase high: 1029 USD is not low, wait for a pullback to act.

Keep an eye on support: 1000 USD is the lifeline; if it breaks, you must run.

Long-term positioning: BNB ecosystem is strong, dollar-cost averaging is more stable than speculation.

How far do you think BNB can go this time? Has anyone positioned themselves in advance?

If you don't know how to pinpoint the timing, you can follow Sister Xin, who will provide real-time analysis in the village and give the best entry points.