Binan’s BNB token went up Eliminating its prolonged lawsuit against the crypto exchange last week.
The token jumped from $ 650.28 to $ 673.70, an increase of 3.6%, before entering a period of sideways trading and a short correction that saw it dropped to a level of $ 665.
SEC transfer arrives at a time when the exchange has been restored previously restricted Features of the US dollar depositIncluding ACH bank transfers, which marks a slight restoration of Binance’s fiat channels on the US platform.
The timing has added fuel to the BNB rally, which has come amid the broader global financial restlessness, including transferring trade policy and increasing macroeconomic uncertainty.
Meanwhile, on-chain data showed BNB chain Handling $ 14 billion In the sun -day decentralized exchange (DEX) volume, which exceeds the Ethereum and Solana combined. The scale of this activity suggests the BNB chain remains an important place for crypto trading despite regulatory review.
Overall -analysis of technical analysis
- On the technical side, the BNB has shown strong accumulation patterns, according to the technical examination model of technical analysis of Coindesk Research.
- The price action is formed by an ascending channel, briefly near $ 673.70 before pulling back to combine -combining above the psychological level of $ 665.
- A sharp spike volume around 01pm and that renewed the purchase near $ 665.32 helped stabilize the price of the token, which indicated the consumer’s interest in those levels.
- If the support continues to hold, merchants can interpret the transition as a beginning of a longer bullish course – especially now that some regulations overhang have been lifted.
