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Market Overview BNB is currently trading at approximately US$1,109, with a market capitalization of over US$154 billion, ranking fourth. The price recently hit an all-time high of $1,356. The activity on the BNB Chain chain is strong, with daily active addresses exceeding 2.58 million, and the peak number of transactions in a single day reaching nearly 30 million. core drivers Kyrgyzstan has established a national cryptocurrency reserve and incorporated it into BNB, and its national stablecoin will also be issued on BNB Chain. The news that Binance founder CZ was pardoned boosted market confidence and pushed the price of BNB up. In the past 30 days, BNB Chain has seen cross-chain capital inflows of approximately US$1.1 billion, and Binance has reached a strategic cooperation with Franklin Templeton. technical analysis The 1-hour chart shows that RSI is neutral at about 52.8, MACD is golden cross, and short-term bull momentum has increased. The upper resistance level is the historical high of $1,356, and the short-term support level below is $1,100 and $1,020. Risk and Market Sentiment “The "Fear and Greed Index" is 34, which is in the "fear" range, indicating that there is a cautious sentiment in the market. The community reacted positively to news such as Kyrgyzstan’s adoption of BNB and CZ’s amnesty. For related analysis, please refer to this article. There is a risk of a short-term correction after a sharp price rise, and attention should be paid to the selling pressure caused by profit-taking. |
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