BNB Surges 9% and Surpasses Solana in Market Capitalization
BNB Surges Amid Market Retrace
BNB leads the crypto market with a 9% increase, surpassing Solana in market cap. Key points include:
- Current price: $689, up from recent lows of $500.
- Previous all-time high (ATH): $750 in December 2024.
- Market retrace affects Bitcoin and most top cryptocurrencies.
- BNB is the only top 10 cryptocurrency showing gains today.
- Processed 68.3 million transactions in the last 30 days, leading EVM chains.
Potential Breakout to $700
Analysts suggest BNB may break through key resistance levels at $660-$680. Factors influencing this include:
- 200, 100, and 50 Simple Moving Averages.
- 0.382 Fibonacci retracement level.
- TD Sequential resistance trendline.
- Historical patterns indicating a potential surge similar to 2021.
Current trading performance shows BNB has gained 7.2% daily and 21% weekly.