Amid rising global trade tensions unsettling traditional markets, BNB has attracted renewed investor interest, showing strong volume and upward price momentum.
Escalating trade disputes worldwide have added uncertainty to the economic landscape, yet BNB continues to display resilience despite these challenges.
As geopolitical concerns shake conventional markets, investors are increasingly turning to digital assets like BNB, viewing them as potential hedges against volatility and inflation, especially as central banks tighten monetary policies.
Technical Overview:
- BNB’s price established a clear uptrend, breaking through the key resistance level at $687.50 with above-average trading volume during the midnight hour, reaching a high of $691.06 and setting a new support level near $688.70.
- The most notable price action occurred between 11 PM and midnight, with BNB surging on 45,675 units traded—well above its 24-hour average—highlighting strong buyer confidence.
- In the following hour, BNB pulled back slightly, dropping from a peak of $690.11 at 1:21 AM to $688.87 by 2:06 AM, marking a minor 0.18% correction.
- Volatility increased between 1:50 AM and 1:53 AM when BNB briefly rallied to $689.85 but then faced resistance, followed by a sharper decline at 1:57 AM.
- A sharp volume spike (926.88 units) accompanied a price dip from $689.53 to $689.13, suggesting profit-taking after the earlier strong run.
BNB’s recent price action reflects a rotation into crypto as investors seek refuge amid global economic uncertainty.
