BNB is an indigenous token of the Binance ecosystem and has made a quick comeback after the turbulent shock of the market that shocked the wider crypto market.
According to Coindesk Research’s technical analysis data model, the coin has grown more than 4% from this week’s low, up about 0.7% in the past 24 hours, falling from $631 to around $657 after forming a textbook V-shaped recovery pattern.
The rebound was due to uncertainty related to the outbreak between U.S. President Donald Trump and Tesla CEO Elon Musk, which triggered a sell-off in risky assets.
The fundamentals of the BNB chain have been improving. According to one, daily active users jumped 26.4% to 1.2 million, while revenue in the first quarter rose 58% from the previous quarter to $70.8 million. Messiah Report.
Technical charts show that after BNB is purchased for $650, BNB’s resistance is about $657. A key hub is now $654, and traders are focusing on U.S. inflation data, which will be released Wednesday to see what to do next.
At the same time, binance tends to be innovative. June 9 hackathon A new track has been opened in the decentralized scientific and physical infrastructure.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
