The BNB market has been bullish for 24 hours after establishing support at around $328.13. The bulls successfully raised the price to a new 30-day high of $337.32 due to their bullish control. As of press time, this bullish dominance had persisted, valuing the BNB price at $335.86, a 2.15% uptick.
Traders’ hopes of a long bull run drove the market capitalization up by 2.15% to $53,031,608,087 during the upswing. The 24-hour trading volume, on the other hand, fell by 36.96% to $487,526,063, indicating that traders are still hesitant to fully commit to the BNB’s bullish market, resulting in subdued trading activity.
BNB/USD 24-hour price chart (source: CoinMarketCap)
The MACD line has gone well above the signal line, suggesting that bullish sentiment is strong, and a reading of 3.5 indicates that the current trend is likely to continue for some time. This move predicts that the BNB price will increase to new highs, giving traders optimism for a bull …
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Source: Cryptocurrency - investing.com
