Recent escalations in world trade disputes have created a complex backdrop for the cryptocurrency markets, BNB demonstrating a notable force despite economic winds.
The upper momentum of the token occurs while investors are looking for alternative assets in the middle of the traditional market volatility caused by ongoing geopolitical tensions.
While central banks around the world adjust monetary policies to combat inflation, digital assets like BNB are increasingly considered as potential covers against economic uncertainty.
Strengths of technical analysis
- Price action has formed a clear rise trend, interrupting the key resistance at $ 687.50 with an average volume during the thrust from 00:00 to $ 691.06, establishing a new support at $ 688.70.
- The largest price movement occurred between 11:00 p.m. and 00: 00, when BNB jumped on 45,675 volume units (well above average 24 hours), confirming a strong conviction for buyers.
- During the last hour, BNB experienced a significant prices correction, withdrawing from its anterior peak of $ 690.11 to 01:21 to $ 688.87 per 02:06, representing a drop of 0.18%.
- Increased volatility between 01: 50-01: 53 when she briefly joined $ 689.85 before meeting resistance, followed by a larger movement at 01:57.
- The price went from $ 689.53 to $ 689.13 over a significantly higher volume (926.88 units), which suggests the realization after the previous rise.
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