BNB Price Rises Over 4% After Market Turbulence Stabilizes
BNB, the native token of Binance, has rebounded over 4% from this week's low, currently trading around $657. The recovery follows a dip to $631 and is characterized by a V-shaped pattern.
Key points include:
- Recent uncertainty from tensions between U.S. President Donald Trump and Tesla CEO Elon Musk has eased.
- Daily active users on BNB Chain increased by 26.4% to 1.2 million.
- Q1 2025 revenue grew 58% quarter-over-quarter to $70.8 million.
- Technical analysis indicates resistance at $657 with critical support at $654.
- Traders are awaiting U.S. inflation data for market direction.
- Binance is enhancing its innovation efforts, including new hackathon tracks in decentralized science and infrastructure.