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BNB is among current market leaders after seeing an increase of 5% in the last 24 hours. In the midst of its recent performance, the Token is re -testing the key levels, which leads some market observers to forecast new maximums could be just around the corner.
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BNB reestima key resistance levels
On Monday, BNB was crowned as one of the best performance files between the 100 main cryptocurrencies after returning to a key level, trying to break from its bassist tendency.
The Token has returned over 20% since it reached its historical maximum (ATH) of $ 793 on December 5, 2024, losing the $ 700 support zone in the middle of the drafting of the Q1 market. Since February, its price has passed between the range of $ 500 and $ 700, reaching a minimum of 6 months in February.
During the correction of last Monday, the cryptocurrency tried the range again, briefly playing $ 510 before bouncing. However, Token has recovered 18% since the bottom of last week, reaching a monthly maximum.
In particular, BNB tried to claim the level of $ 600 over the weekend, without being able to keep it until Sunday night. The cryptocurrency increased by 7.7% in the following hours, reaching $ 643 on Monday morning before returning on setback.
Carl Runefelt cryptographic analyst pointed Over that after recovering the horizontal level of $ 600- $ 620, the Token is aimed at its descending resistance line of three months to around $ 650. According to Runefelt, the token has “all possibilities” to break this line of descending trend once it “wins a little point” above the recently recovered horizontal levels
Meanwhile, amcryptoalex outstanding That BNB came out of an inverse head and shoulder pattern after its performance. Alex also pointed out that the Token emerged above the $ 620 barrier, printing “consistent green candles above the crucial resistance level”, suggesting that it is “prepared for more rise.”
The BNB chain exceeds the volume DEX of Solana
TED pillows too affirmed That BNB table seems promising, with a “double background pattern along with the foundations improving.”
The analyst stressed that the BNB chain has exceeded the volume of decentralized exchange (DEX) of Solana in the last 24 hours, which could feed the Token Rally to recover the level of $ 640. For him, “once that happens, BNB will hit a new AT in a short time.”
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According to Defillama data, the BNB Chain negotiation volume increased to $ 1.64 billion on Sunday, exceeding $ 1.07 billion solar registered on March 16. The dex negotiation volume of the network has also increased by 13.27% during the past week, classifying the third during this time.
The increase seems to be fed by its recent Freni Memecoin, which has been driven by tokens such as Mubarak (Mubarak). The Token has seen a negotiation volume of around $ 300 million in the last 24 hours, and its price increased 99% on the last day.
Meanwhile, the Solana Network has been experiencing a bearish feeling of cryptographic investors after the performance of Trump and Melania, the president’s memecoins and the first lady of the United States, and the accident of the fought file backed by Argentina.
At the time of writing this article, BNB trades at $ 627, an increase of 4.18% in the daily period.
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