Binance Coin (BNB) has recorded a notable gain of 2.06%, climbing to a current price of $774.98. This upward movement coincides with a significant increase in trading volume, reaching $2.1 billion, signaling heightened investor interest.
The asset demonstrated resilience during the trading session, bouncing from an intraday low of $759.07 to reach a peak of $779.01 before settling. This price action aligns with key technical reference levels identified through Fibonacci retracement analysis.
Market volatility indicators are suggesting potential for further price movement, with Bollinger Bands signaling potential volatility – the lower band resides at $763.02, while the upper band sits between $770.44 and $777.32.
Technical momentum also shows signs of strength, as indicated by the Relative Strength Index (RSI), which has crossed a key threshold hinting at sustained bullish momentum. BNB has previously demonstrated significant upward potential, evidenced by its all-time high of $859.