BNB, the native token of Binance, witnessed a fresh upward momentum today, with its price rising to $846 against USDT. The coin registered a +1.75% daily gain, reflecting renewed confidence among traders.
In the last 24 hours, BNB traded within a range of $818.57 (low) to $847.55 (high). Trading volumes also remain strong, with 251,416 BNB exchanged, equivalent to around $209.25M in USDT.
Technical indicators suggest positive sentiment. The Relative Strength Index (RSI) is currently hovering near 69.6, signaling strong buying activity while staying close to the overbought zone. Meanwhile, moving averages indicate continued support, keeping BNB in bullish territory.
If buying pressure sustains, BNB could attempt to test new resistance levels beyond $850. However, traders should remain cautious of short-term volatility as the market adjusts after recent gains.
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⚡ Key Takeaway: BNB’s bullish move highlights growing investor confidence. A break above $850 may open doors for further upside, while $818 remains an important support zone to watch.