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BNB Price Surges 7% As Binance Names Co-Founder Yi He As Co-CEO Alongside Richard Teng The BNB price surged 7% over the past 24 hours to trade at $899.91 as of 5:03 a.m. EST, with trading volume rising 15% to $2.1 billion. That comes as Binance appointed its co-founder, Yi He, as Co-CEO, marking a new stage in the company’s ongoing leadership transition and signaling a broader redistribution of executive responsibilities. The current change places Yi He alongside CEO Richard Teng, who has been leading the firm’s regulatory and operational direction over the past year. Teng said He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.” @Yi He retracement structure, settling into the 0.786 Fibonacci level near $867, an area that aligns closely with the long-term 200-day SMA. The price of BNB trading in this range has allowed bulls to enter a stabilization phase, with BNB currently hovering just above the 200-day SMA ($855). Following the bulls’ defensive move, the price of Binance Coin is now testing the area just below the 50-day SMA at $985, which serves as the nearest short-term resistance. Meanwhile, the Relative Strength Index (RSI) has also turned positive, currently sitting around 48 and slowly climbing toward the midline. This shift suggests that buyers are currently gaining momentum. Although not yet in bullish territory, an RSI push above 50 would strengthen the case for a recovery. @Richard Teng
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