Recently, BNB surpassed the key resistance of $687, reaching a high of $694.20. This upward movement is attributed to investors seeking alternative assets as a hedge against geopolitical tensions and volatility in traditional markets.
However, after this rally, BNB experienced a correction, currently sitting around $656.05. Despite this drop, the asset shows a sustained upward trend, supported by trading volume above average and a rotation of investors towards digital assets.
In technical terms, BNB has formed a clear upward trend, surpassing key resistances and establishing new support levels. The bullish momentum persists, although it is important to monitor market fluctuations and geopolitical tensions that could influence its future behavior.
