$BNB continues to hold the investment $BNB
The price of BNB has rebounded from a low of about $870 in mid-September to a range of approximately $1,100-$1,150, with an increase of over 30%, and has repeatedly reached new highs.
Reasons for BNB's recent rise
1. Macroeconomic positive: The Federal Reserve lowered interest rates (4-4.25%), CPI cooling, funds flowing into the crypto market, and BNB trading volume increased to $87.5 billion.
2. Binance ecosystem: BNB Chain DAU 4.3 million, TVL $13.4 billion, Launchpool and airdrops attracting funds.
3. Regulatory positives: CZ's pardon, SEC lawsuit pause, platforms like Coinbase listing BNB.
4. Technical aspects: Support at the 50-day moving average ($1,050), RSI 55, MACD golden cross, market sentiment leaning towards greed.
5. Deflationary mechanism: 1.4 million BNB will soon be burned, supply continues to decrease.
Short-term support at $1,000-$1,050, resistance at $1,250-$1,350, possibly pushing towards $1,420-$1,500.
$BNB will not disappoint us!
