Here's a detailed analysis of today's Binance Coin (BNB) trading charts based on the latest market data and technical indicators:
๐ 1. Current Price & Market Data
- Price: $682.98โ$682.99 (as of 06:35 UTC) .
- 24h Range: $680.67โ$690.84, showing minor volatility .
- Market Cap: $96.21Bโ$96.23B, ranking #5 globally .
- 24h Volume: $1.82B, with a volume-to-market-cap ratio of 1.89% .
- Supply: Circulating supply is 140.89M BNB (max capped at 200M) .
---
๐ 2. Technical Analysis
- Trend Indicators:
- Daily View: Strong bullish sentiment, with 7/10 moving averages (MA) signaling "Buy" .
- 50-Day SMA: $622.88 (current price well above, indicating upward momentum) .
- 200-Day SMA: $620.47, reinforcing long-term bullishness .
- Oscillators:
- RSI (14-day): 64.68 (neutral, no overbought/oversold signal) .
- MACD: Hinting at a potential bullish crossover soon .
- Short-Term Forecast: Expected to rise 6.45% to $730.50 by June 27 .
---
๐ 3. Market Sentiment
- Sentiment: Bullish (60% green days over past month) .
- Fear & Greed Index: 71 ("Greed"), driven by recent ecosystem upgrades .
- Key Catalysts:
- Recent "Lorentz" hard fork reduced BNB Chain block times to 1.5 seconds .
- Q1 2025 token burn removed 1.57M BNB (~$916M) from circulation .
---
โ๏ธ 4. Support & Resistance Levels
- Immediate Support: $680โ$682 (24h low) .
- Strong Support: $655.05 (weekly low) .
- Resistance: $690โ$692 (24h high), then $696.05 (weekly high) .
- All-Time High: $793.55 (December 2024), 13.9% above current price .
---
๐ 5. Key Metrics Overview
| Metric | Value | Details |
|--------------------------|--------------------|---------------------------------|
| Price | $682.99 | |
| 24h Change | +0.03% to +0.23% | Mild bullish consolidation |
| Market Cap | $96.23B | #5 in crypto rankings |
| 24h Volume | $1.82B | Liquidity stable |
| Circulating Supply | 140.89M BNB | 100% of total supply circulating |
---
๐ 6. Summary & Outlook
BNB shows short-term bullish strength with technical indicators supporting upward momentum. Key drivers include reduced supply from token burns, faster transaction speeds post-upgrade, and strong utility within Binance's ecosystem (e.g., fee discounts, staking) . Watch for breakout above $692 to target $700, though regulatory uncertainties (e.g., MiCA compliance in Europe) remain a risk .