BNB: Holding Strong with Limited Drops
In the past 24 hours, BNB on-chain fees reached $572,007, with revenue at $57,476.
4-hour chart: The 50-day MA is trending upwards while the 200-day MA has been climbing since May 27.
The moving average structure remains bullish, which is particularly rare on a day like today with significant sell-offs.
Three Bullish Signals That Others Might Miss
1. On-chain fees hitting recent highs
24-hour on-chain fees at $572,007, up 40.1% year-on-year.
The network is getting busier, and BNB is getting burned less.
2. The strongest technicals among mainstream coins
Both the daily and 4-hour charts are bullish, with the 50-day MA supporting prices from below.
BTC's daily chart has breached all moving averages, yet BNB is still holding strong.
3. Institutional Consensus: $1000 by Year-End
Binance user consensus predicts BNB will reach $803 by 2026, with a 5-year outlook at $976.
The average prediction for June is $713, leaving plenty of room to the upside.
$BNB
{spot}(BNBUSDT)