BNB's performance within the last 24 hours on Binance shows a generally positive trend. Here are the key metrics:
- *Current Price*: $862.40 to $853.35 per BNB, with some sources reporting $594 or $668
- *24-hour Change*: 1.01% increase to 1.14% increase, with some reports of 0.87% increase
- *Market Capitalization*: $118.40 billion to $118.78 billion
- *24-hour Trading Volume*: $1.99 billion
Some analysts predict a potential rally to $1,000, citing factors such as ¹ ² ³:
- *Increased Staking Demand*: 26 million staked BNB and 7,500 delegators show consistent staking demand
- *Binance Launchpad Success*: $133 million raised through Launchpads, reflecting demand for chain-backed tokens
- *Buybacks and Burns*: Binance's buyback plan reinforces confidence in BNB
However, profit-taking pressure persists, with Spot Netflow reaching $4.71 million, indicating potential selling pressure. Key support levels are $840 and $550, while resistance levels are $880 and $900.