BNB has seen a moderate gain of 2% in the past 24 hours, pushing the past $ 627 before setting up solid support of $ 616.55.
The move arrived while the BNB chain, the blockchain tied to the BNB, saw daily transactions of nearly twice as much as 17.6 million since mid-May, according to data from Delete.
Crypto markets have become vigorous amid increased geopolitical tensions and transfer of trade policies between major economies.
One factor that helps buoy sentiment is the upcoming Maxwell Hard Fork.
If the momentum continues, the BNB can try to get the $ 650 level and push to $ 700. But much depends on how users respond to technical upgrades and how the geopolitical situation develops.
Overall -analysis of technical analysis
- The BNB has formed a powerful raid, with a well -known volume support that has helped establish a major support level of $ 616.55, according to the CoinDesk Review technical review model.
- The most significant breakout came as the price moved forward by resistance to $ 624.59 and reached the session of $ 627.85.
- After a few hours integration between $ 620 and $ 625, the BNB broke the resistance to $ 625.24, which signed the potential for further upside down to the $ 630- $ 635 range.
- BNB rallied from $ 619.31 to $ 627.03, adding 1.25% to a sharp upward move that adopted bullish momentum, before seeing a denial that now stands at $ 621.6.
