BNB
Why BNB is up 2.5% today
Analysis
BNB rose about 2.5% over the past 24 hours as traders reacted to a technical breakout, with AMBCrypto reporting that BNB broke above a trendline that had held since 2023. The same analysis highlighted a key near-term level around $675, and the move higher aligns with bullish momentum following that break.
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.