$BNB
trades at approximately $848 USD today, up 6.4% over the past 24 hours and 9.8% weekly, outperforming the broader crypto market amid Bitcoin's downturn. With a market cap of $118 billion and 24-hour volume exceeding $3.4 billion, it shows strong liquidity on exchanges like Binance.
Key Drivers
High trading activity on Binance pairs like BNB/USDT, which captured 15% of volume, underscores ecosystem strength despite global pressures. Recent consolidation near key supports around $850 follows a 10% January gain from $860 lows, driven by steady inflows and BNB Chain demand.
Technical Outlook
BNB hit an all-time high near $858 recently, now ranging $794-$858 daily with oversold signals hinting at upside potential toward $900-$1,000 if volume holds. Circulating supply nears 139 million of a 200 million max, supporting scarcity via ongoing burns.