Recent escalations in the worldwide trade disputes have created a complex background for cryptocurrency markets, where BNB demonstrates a remarkable strength despite economic headwind.
The upward momentum of token comes when investors are looking for alternative assets in the midst of traditional market volatility caused by constant geopolitical tensions.
While central banks worldwide adjust monetary policy to combat inflation, digital assets such as BNB are increasingly seen as potential coverings against economic uncertainty.
Technical analysis highlights
- Price promotion was a clear uptrend and broke through the key resistance to $ 687.50 with an above -average volume during the push from 00:00 to $ 691.06, which made new support at the level of $ 688.70.
- The most important price movement took place between 23: 00-00: 00 when BNB rose at 45,675 volume units (well above the 24-hour average), which confirmed a strong conviction of the buyers.
- In the last hour, BNB experienced a remarkable price correction, which receding from his earlier peak of $ 690.11 to 01:21 to $ 688.87 against 02:06, which represents a decrease of 0.18%.
- Increased volatility between 01: 50-01: 53 when it briefly came to $ 689.85 before the resistance experiences, followed by a sharper downward movement at 01:57.
- The price fell from $ 689.53 to $ 689.13 on a considerably higher volume (926.88 units), which indicates a profit after the earlier upward trend.
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