$BNB

BNB coin’s rallies have aligned with a larger market movement. The asset has, in particular, followed Bitcoin’s (BTC) trajectory. BTC was nearing a new high when BNB hit its $788.84 peak. While BTC has hit multiple new all-time highs since its December 2024 rally, BNB has failed to climb to a new high. The asset is down by 16.3% since its December 2024 high.

BNB could rally under favorable market conditions. BTC is facing considerable resistance at the $108,000 level. A BTC breakout could lead to a surge in BNB’s price.