Binance Coin (BNB), the native coin of the Binance ecosystem, has a market capitalization of approximately $140.48 billion and is among the largest cryptocurrencies in circulation. With a 24-hour trading volume of almost $2.82 billion, Binance’s (BNB) price action is under constant observation as investors assess its role in exchange activity, DeFi expansion, and broader market trends.
At press time, Binance (BNB) is trading at $1,009.5, having increased by 4.19% over the last 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $993.55. If it breaks above this, the next target could be $1,000.00. On the downside, the support level is around $945.84. If the altcoin falls below this level, we might see a drop towards $900.00.
The blue line indicates the resistance level at $993.55, while the yellow line represents the support level at $945.84.
Also Read: Binance Coin (BNB) Breaks $1010, Targeting $1080 With Latest Market Momentum
According to the Moving Average chart, the cryptocurrency is currently experiencing a bullish trend with the moving average indicator below the candles at $901.00. On the other hand, the Moving Average Convergence Divergence (MACD) indicates a bearish crossover, suggesting that the price may decrease temporarily.
The signal line above the MACD line indicates a bearish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
Based on Cryptorank, BNB’s best month to make money is February. February registers the highest gains at an impressive +57.3% average return year after year. 2021 was the standout year when BNB climbed an unbelievable +372.2%, one of its most explosive rallies ever.
On average, February returns +57.3% with a median of +5.87%, making it one of the most profitable months for BNB historically.
Also Read: BNB Price Outlook: Can Binance (BNB) Coin Break Past $1,080 ATH Before 2026?
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