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Amid the restoration of the market today, BNB leads the market with an increase of 9 % and exceeded Solana after stirring the maximum of the encrypted currency market. Some analysts suggest that BNB may try to restore the level of $ 700 and target the new highlands.
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BNB leads the encryption market
On Wednesday, the encryption market recorded another recovery, as Bitcoin (BTC) decreased to the lowest level per week for $ 94,000. The rest of the market recorded red numbers, with most cryptocurrencies at the top of 10 bleeding.
Meanwhile, the BNB, previously known as Binance Coin, jumped a swan against the current today, to the highest level in 12 days at $ 689. Q4 2024 cryptocurrency was strong after recovering the 700 dollar resistance as support and reaching the highest level (ATH) of $ 750 in December.
However, the redemption of the beginning of the year stopped the BNB momentum, as the cryptocurrency was sent to less than $ 700 on the opening day to hover between the price of $ 680-660.
Deepseek’s correction also saw an encrypted currency to its lowest evaluation since September. BNB decreased moments to $ 500, prompting market morale to an uncertain area.
Since then, the cryptocurrency has increased by 34 % of its lowest levels, as the main support areas have been steadily regained. Today, the distinctive symbol jumped by 9 %, re -testing the resistance areas of $ 660 and $ 670 for the first time in 12 days.
The BNB increase has witnessed the leadership of the encryption market, as it is the only distinctive symbol in the top ten in terms of market value (MC) to record gains throughout Wednesday morning. In addition, the cryptic currency was overturned as the fifth largest encrypted currency by the market after it reached 96 billion dollars.
Lookonchain data analysis company male The BNB series has treated 68.3 million transactions in the past thirty days, making it the highest EVM series for 30 days.
Hasr to $ 700, just around the corner?
The encryption analyst Ali Martinez Dirty From this BNB can prepare a huge movement as it approached a major resistance area between $ 660 and $ 680.
According to The Post, the cryptocurrency faces “multiple technical obstacles” within this region, including the average of 200, 100 and 50 simple (SMA), a decrease of 0.382 Fibonacci, TD TD TRENDLINE TRENDLINE, and TD series risk line. .
The analyst stated that penetration of these levels can “indicate the next main step.” Meanwhile, analyst Elja Boom Proposal BNB can be about to follow the game of play 2021.
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The analyst has highlighted that the cryptocurrency has followed the same structure of penetration and the path for four years, which can indicate that a possible increase to its highest new levels is just around the corner.
BNB tries to restore the monthly opening level and re -test the $ 700 barrier. It can rise above this level Send The cryptocurrency currency for the two -month downward trend line and “press for the upper reflection again.”
As of the writing of these lines, BNB is trading at $ 687, increasing by 7.2 % and 21 % in daily and weekly time frames.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
