Movement and trend of the last 24 hours of BNB
As of May 5, 2025, Binance Coin (BNB) is trading around $598.86, according to official data from Binance.
In the last 24 hours, the price has shown a slight variation, remaining within a narrow range, which indicates a phase of technical consolidation.
This behavior coincides with technical patterns suggesting a possible bullish breakout.
Analysts highlight that the formation of an ascending triangle could precede a significant price movement.
Additionally, the recent application by VanEck to launch the first BNB ETF in the United States has generated an increase in institutional interest, which could positively influence the demand for the asset.
On the other hand, the community eagerly awaits the implementation of the hard fork "Lorentz" on the BNB Chain, which promises improvements in scalability and network efficiency. These developments could strengthen BNB's position in the decentralized finance (DeFi) ecosystem and attract new investors.
In summary, although the price of BNB has shown stability in the last 24 hours, technical indicators and recent events suggest that we may be at a turning point that will determine the asset's next trend.
