BNB Surges 5.5% to New Highs Amid $2.17B Volume Spike and ETF Anticipation

In the past 24 hours, BNB (Binance Coin) has demonstrated notable strength, outperforming the broader altcoin market and reaching new local highs, with prices ranging between $611 and $637 and trading volumes surging to as much as $2.17 billion. The asset’s market capitalization stands near $89 billion, and technical indicators such as an RSI around 59 and a bullish MACD reading suggest continued positive sentiment and momentum.

The recent price increase of up to 5.54% can be attributed to a combination of strong trading activity, growing confidence in the BNB Chain ecosystem, and anticipation of upcoming product launches, including references to a forthcoming ETF. This rally occurred despite market-wide altcoin weakness, highlighting BNB’s resilience and the impact of heightened trader participation, as evidenced by a 35–40% spike in spot trading volume. Technical analysis points to the asset maintaining its uptrend above key moving averages, with support levels at $575–$580 and potential upside targets up to $650 if bullish momentum persists.