In the last 24 hours, BNB has recorded a positive growth of 2.73%. This rebound is partly attributed to positive economic data that has boosted the cryptocurrency market as a whole.
Additionally, the trading volume of BNB in the last 24 hours has increased by 88%, indicating greater interest and activity in the market. The open interest in BNB derivatives has also risen by 16.69%, suggesting that more traders are taking positions in this cryptocurrency.
In terms of technical analysis, BNB is in a recovery phase after hitting a low of $536 USD on February 2. Currently, it faces key resistances at the levels of $648 USD, $680 USD, and $700 USD. Breaking through these levels could indicate a continuation of the bullish trend.
