Binance Coin is preparing for a new bull run

The digital token Binance Coin BNB $718.30 BNB 0.64% Market capitalization $104.79 billion VOL. 24 hours $0.21 billion continues to show growth, reaching a new level of $ 720. According to analysts, this market movement is due to the increased demand for the asset and favorable market conditions for cryptocurrencies.

The main factors behind the growth were the activation of traders, an increase in trading volumes, and a general optimistic mood in the market. BNB is consolidating its position as one of the leading tokens tied to the large Binance ecosystem, which contributes to its popularity among investors.

Binance-coin-bnb-1.webp" alt="" width="1139″ height="532″ />

The current movement of BNB is a continuation of the upward trend observed in recent weeks. Analysts predict that the price may reach even higher levels in the coming days, provided that the positive dynamics continue.

• Hourly RSI (Relative Strength Index) — The RSI for BNB/USD is now above 50.
• The main support levels are $ 708 and $ 700.
• The main resistance levels are $ 720 and $ 732.

The token was supported by strong technical indicators and positive sentiment among crypto traders who expect further growth in BNB’s capitalization.

The current situation emphasizes the importance of Binance Coin in the cryptocurrency market, which continues to occupy a leading position among digital assets, attracting new investors.