BNB
Why BNB is up 1.1% in the last hour
Analysis
BNB rose about 1.1% over the past hour as traders reacted to a bullish technical development: AMBCrypto reported that BNB broke above a long-held trendline dating back to 2023, which can attract momentum buying. The same analysis highlighted the $675 area as a key level for bulls to defend, helping frame near-term sentiment and supporting the uptick.
Contributing Factors (1)
BNB breaks trendline held since 2023 – Can bulls defend $675?
Top wallets stay cautious, while intraday traders build heavy short positions, signaling strong bearish conviction.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.