$BNB

BNB Analysis Today

Binance Coin (BNB) is currently trading at $855.977 with a market cap of approximately $119.3 billion, ranking #5 among all cryptocurrencies. Here's a breakdown of the analysis:

Key Highlights

- *Recent Performance*: BNB's price has seen a -0.38% change in the past 24 hours, with a 24-hour trading volume of $20.327 million.

- *Technical Analysis*: The market sentiment is "buy" with a strong sell signal in the short term. Indicators suggest bearish pressure, favoring a selling trend.

- *Support and Resistance Levels*: Support levels are at $884.00, $875.00, and $870.00, while resistance levels are at $895.00, $900.00, and $905.00.

Price Trends & Predictions

- *Short-term*: Analysts predict BNB could hit around $700 in 2025 based on its utility within DeFi applications.

- *Long-term*: Some analysts forecast BNB to reach $1,100 by the end of 2025, driven by its deflationary model and expanding use cases.

- *Potential Targets*: $1,000 soon, with potential resistance at $2,600-$4,000 in the long term ¹ ².

Market Sentiment

- The community is bullish about BNB today, with 52% of sentiment leaning towards a buy.

- Recent news, such as the Rex-Osprey filing for a BNB staking ETF, has boosted BNB's price outlook ³.