$BNB strives for new heights
In the last 24 hours, the BNB price has surged by 20%, driven solely by positive sentiments surrounding the coin. The sharp increase led to significant liquidations in the market.
The rally caught many bears off guard as they anticipated a pullback. However, the token disproved the pessimistic forecast.
The momentum triggered volatility, affecting even the most optimistic traders. In fact, the bulls caused the liquidation of long positions amounting to $2.26 million, showing that the market is currently in a state of intense price dynamics.
From a macroeconomic perspective, the technical indicators for BNB indicate a sustained upward trend. The Average Directional Index (ADX) is significantly above 25, indicating the strength of the current upward trend. This confirms that the growth of BNB will continue.
Market activity and investor optimism also support the continuation of growth. The ADX remains above the key level, so the upward trend is expected to persist in the coming weeks.#2023withBinance
