The Altcoin market, led by Ethereum (ETH) and Binance Coin (BNB), has gradually gained ground on Bitcoin (BTC) in the recent past. The domination of the bitcoin within the weekly period experienced a major level of resistance of around 65%, thus signaling an imminent reversal to launch the Alts-Saison 2025 soon.
In addition, data on the chain show that DEFI projects, led by Dexes such as Pancakeswap (Cake), have recorded a significant increase in daily volume in the recent past
Binance Coin benefits from robust fundamentals
As a native part of the Binance ecosystem, BNB has considerably benefited from the notable positive developments in the BSC chain and the crypto exchange. Last week, the United States Securities and Exchange Commission abandoned its longtime affair against Binance and its main leaders.
As Coinpedia reported, the closure of the SEC vs Binance case will not only have a major positive influence on the BNB but also on the entire cryptography market. In addition, BNB is a major source of liquidity for dozens of tokens based on the BSC channel.
What on the side for the BNB price
Within the weekly time, the BNB price has been consolidating since March 2024 in a range between $ 512 and $ 723. However, the shorter period shows that the BNB price has constituted a bullish momentum.
Within the daily time limit, BNB Price formed a bull -up flag model after a solid escape from the correction of cryptography of the first trimester. Consequently, if the BNB price systematically closes above $ 691 in the coming days, a rally beyond $ 790 will be inevitable.
However, a possible closure below the level of support around $ 648 will signal an additional low -cost feeling with the next robust target around $ 635.
