- BNB has hit a new ATH at $804, soaring by over 5%.
- The token’s technical indicators reflect an uptrend.
The mixed sentiment across the crypto assets has triggered their prices to swing between both green and red zones. The largest assets, Bitcoin (BTC) and Ethereum (ETH), trade at $118.3K and $3.6K, respectively. Meanwhile, the tokens like Flare, Pudgy Penguins, and Worldcoin have secured the top three spots among the gainers.
Significantly, BNB, the native crypto token of the Binance ecosystem, being one of the trending coins, has broken the $804 threshold, hitting a new record high, and gained by over 5.29% in the last 24 hours. Before the bullish shift in the BNB market, it traded at a low of $750.56, and later the price climbed to a high of $804.17.
Moreover, the asset has tested its key resistance levels between $750.61 and $804.12 to confirm the uptrend. BNB is currently trading at around $795.19, with a market cap of $110.83 billion. The daily trading volume is up by over 6.93%, reaching $3.23 billion. Furthermore, $1.63 million worth of BNB has been liquidated in the market in this interval.
Will the BNB Bulls Stand Their Ground?
The BNB/USDT trading pair reports a bullish pattern on the four-hour price chart. With the green candles lit up, the price could mount toward $795.25. An extended correction on the upside might invite the golden cross to unfold. The bulls may drive the price above the $795.32 mark.
On the other side, assuming the asset’s price graph is painted in red, the price might plunge to the $795.12 level, and further downside correction could push for the death cross to take place. The mighty bears would send the BNB price toward a low of $795.05 or even lower.
The technical chart analysis displays that the Moving Average Convergence Divergence (MACD) line is positioned above the signal line, indicating that the bullish momentum is gaining enough strength to continue the upside trajectory. In addition, the Chaikin Money Flow (CMF) reading of BNB staying at 0.27 suggests that the money is flowing into the asset, with a strong buying pressure in the market, likely supporting the price movement.
The daily Relative Strength Index (RSI) found at 74.37 points out that the asset has entered the overbought territory. Also, it has the potential for a price pullback or consolidation. Besides, the Bull Bear Power (BBP) value of 48.37 implies a strong bullish dominance in the market. It generally aligns with a bullish breakout.
Notably, Binance Coin (BNB) Price Prediction 2025, 2026-2030 could give a clearer picture of where the token might be heading next.
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