The BNB/USDT trading pair is currently showing strong upward momentum, with a price of **$583.6**, reflecting a **+2.84%** increase in the last hour. The 24-hour high is **$587.6**, while the 24-hour low touched **$564.2**. The volume traded within the past 24 hours for BNB stands at **216,854.62**, and **124.75M** for USDT, indicating significant activity.
From the 1-hour candlestick chart, a bullish trend is apparent, with BNB having bounced from its low at **$564.2**, seeing a rapid rise followed by slight consolidation. This suggests that the market is gaining strength after a period of selling pressure.
- **Key Levels**:
- **Support**: Around **$564.2**, marking the recent low.
- **Resistance**: Near the **$587.6** zone, close to today's high.
The order book shows more sell-side pressure at **53.74%**, while **46.26%** is on the buy side. Buyers are slightly outnumbered by sellers, but if the upward momentum continues, we could see a retest of the **$587.6** level soon.
With positive performance metrics over the past 7 days (**+5.28%**) and 30 days (**+7.83%**), BNB is showing resilience in the medium term, despite a slight dip over 90 days. For longer-term investors, the coin's **1-year return of +176.94%** underscores its solid growth potential.
Traders could look for a breakout above **$587.6** for further gains, while those cautious of volatility may want to observe how the price reacts around the **$580** zone.
