The rise of BNB!
The price of BNB, Binance's token, is on the rise, with an increase of 11.57% in one week, reaching a high of $615.38. The traded volume increased by 4.32%, signaling a rise in investor interest. Analysts foresee potential for a significant bullish wave, estimating it in the range of 40-45% in the short term ¹.
*Factors contributing to the rise of BNB:*
- *Increase in investor interest*: The trading volume of BNB has increased, signaling greater interest and engagement from investors.
- *Potential for significant bullishness*: Analysts foresee potential for a significant bullish wave in the short term.
- *Robust performance*: BNB has shown a robust upward trend, marking an increase of 11.57% in value over one week.
*Price forecast for BNB:*
- *Resistance at $644*: The price of BNB may face resistance near the $644 level.
- *Potential to test $665*: If BNB surpasses the resistance at $644, it may test the $665 level.
- *Support at $632*: Initial support on the downside is near the $632 level ².
Changpeng Zhao, founder of Binance, emphasizes that BNB has reached market maturity and is a core asset in the Web3 ecosystem and Binance, with an appreciation of over 10,000 times since its launch in 2017.