As of May 11, 2025, Binance Coin (BNB) is trading at approximately $652.28, reflecting a slight decrease of 0.3% over the past 24 hours.

๐Ÿ“Š Price Overview

Current Price: $652.28

24h High: $666.58

24h Low: $649.94

24h Change: -0.3%

BNB recently broke out from a six-week consolidation phase, surpassing the $620 resistance level. Technical indicators, such as Bollinger Bands and the Ichimoku Cloud, suggest continued bullish momentum, with projected support around $BNB 647.

๐Ÿง  Ecosystem Developments

Model Context Protocol (MCP): BNB Chain has launched the MCP to enhance AI agents' interaction with Web3 data and applications, potentially increasing BNB's utility in decentralized AI services.

Mobius Token Exploit: A security breach on the BNB Chain led to a $2.15 million loss from Mobius Token's smart contracts. The incident involved unauthorized minting of tokens and fund drainage.

๐Ÿ”ฎ Outlook

Despite the recent exploit, BNB's technical indicators remain positive. Analysts predict potential resistance near $678, with support levels at $BNB $643 and $BNB $617.

For a visual representation of BNB's recent price movements, refer to the chart below:

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