BNB
Why BNB is up 2.9% today
Analysis
BNB rose about 2.9% over the past 24 hours as traders reacted to a bullish technical breakout highlighted in recent coverage. AMBCrypto reported that BNB broke above a long-held trendline dating back to 2023, with market attention shifting to whether bulls can defend the $675 area—helping support upward momentum.
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.