🚀 $BNB Rebounds Strong — Trading Volume Hits $11.35B, Highest in 2024
#BNB is back in the spotlight, trading at $670 on Tuesday after a strong rebound from key weekend levels. With a bullish breakout from a symmetrical triangle and surging on-chain activity, momentum is building fast.
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📊 Key Highlights:
🔹 BNB Ecosystem Volume Explodes:
According to Token Terminal, BNB’s on-chain trading volume hit a yearly high of $11.35B — the highest so far in 2024.
Volume has been on a steady rise since early May, signaling renewed trader interest and deepening liquidity across BNB-based dApps.
🔹 Stablecoin Supply Surges:
Atermis data shows BNB’s stablecoin supply climbed to $10.2B, its highest YTD level.
This rise supports greater network activity, DeFi engagement, and real-world use cases — from meme coins to payments.
🔹 Technical Breakout in Focus:
On May 8, BNB broke out from a symmetrical triangle pattern that spanned from January to early May.
After a 10% jump post-breakout, BNB has consolidated between $638 and $696 for 3 weeks.
A decisive close above $696 could open the path to the measured move target at $839.14.
📈 Watch these key levels:
🔼 Resistance: $696 → $709.29 → $732 (Feb 13 High)
🟢 Support: $638
🎯 Target: $839.14 (Symmetrical triangle projection)
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💬 Market Sentiment:
With trading volume, stablecoin activity, and technical signals aligning, bulls are eyeing a move above $700 — and potentially toward new yearly highs.
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#BNB #MarketRebound #CEXvsDEX101 #CryptoBreakout #defi #BNBChain $BNB $BTC $ETH
