hi Guys,
It's Big & Big #alert About $BNB ATH !!!
BNB Price Rally Gains Momentum: Is A New ATH Within Reach?
BNB price slowly gains momentum on the charts, currently valued at $545.52. And with the recovering market, it might achieve the month ATH.
After a few gushing hours today, the crypto market has witnessed quite a recovery, where the global market capitalization has grown to $2.08 Trillion.
And the same is true with the trading volume, which is at $77.5 Billion after a 28% surge in the last 24 hours.
This recovery was due to the ongoing discussions over the Fed rate cuts, thrusting the market towards elevation.
As a result, the BNB price has also begun to follow the trend and is gaining momentum with every passing hour, surging more than 7% over the week.
BNB Price On The Rise For Days Now
Binance Coin (BNB) has been among the top five cryptocurrencies in the market for a long.
This popularity and demand come from it being the native token of one the biggest crypto exchanges, Binance.
However, similar to many well-performing tokens, BNB has also struggled on the charts this year, especially with the many legal obstacles.
But that is turning away slowly, and even the Binance Founder CZâs Release date is set for September 29, which might put the token in the limelight.
The token grew heavily during Juneâs bullish rally, hitting the $710 mark, closer to the ATH of $720.67.
However, the market turned neutral, and the BNB price dropped to as low as $464 earlier.
Since then, the token has improved quite a lot, and currently, the Binance Coin price is $545.52 after a 1.4% surge today, which is a good sign.
It has maintained its value above the $525 mark for days and has crossed the Pivot at 511, moving towards the first resistance at 587.8.
If the token succeeds in breaking the first resistance, an uptrend is likely to continue. It might push it towards $600, a new month ATH.