BNB exchanged $ 1,200 on Wednesday, down 0.5% after sliding from a new high time That came after a broad market exacerbation event had removed nearly $ 500 billion from the crypto market.
The token, which is the native token of the BNB chain and can be used to pay Binance trading fees, rebounds from lows close to $ 1,145 to a high $ 1,237, which suggests consumers stay active despite the continued macroeconomic uncertainty.
The BNB chain seeks to avoid trust by A $ 45 million AirDrop Pancakeswap and Trust Wallet initiative, which rewards active community members to encourage trading activity. Binance himself announced a $ 400 million “together -with -the initiative,” which it taught as an initiative to rebuild user confidence.
Meanwhile, Binance’s stablecoin reserves, meanwhile,, meanwhile, climb up to $ 44.6 billionUp to $ 3 billion since the moon began, indicating that investors are keeping the funds rather than leaving the market.
At the same time, China Merchants Bank International (CMBI) Tokenized the USD Money Market Fund In the BNB chain, which releases two tokens, CMBMint and CMBimint, for accredited investors by digift and onchain.
BNB’s corporate accumulation is also continued. Earlier, Hong Kong listed in the Investment Bank China Renaissance was reported to plan a $ 600 million increase for a publicly exchanged Crypto Treasury Focused only on BNB.
Overall -analysis of technical analysis
The recent BNB trade shows a solid floor that makes up between $ 1,190 and $ 1,195, where consumers continue to enter the pullbacks. This area acts as a reliable support, absorbs sales pressure and avoids deeper losses, according to the technical examination model of CoinDesk’s technical research.
Upside down, the resistance generated nearly $ 1,215 to $ 1,220, which stopped many breakout attempts but did not reverse the wider recovery.
The trading volume during the rebound is more than double its average, proving that the demand returns quickly after the episode of extermination.
The volume is from thin near the upper range. This type of integration is often preceded by continuity, indicating that BNB may try another push higher if the overall emotion remains stable.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
