BNB
Why BNB is up 4.4% today
Analysis
BNB rose 4.4% over the past 24 hours as traders reacted to a technical breakout: AMBCrypto reported that BNB broke above a trendline that had held since 2023, signaling improved bullish momentum. The same analysis highlighted the $675 area as a key level for bulls to defend, which likely drew additional buying interest as price pushed higher.
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.