Binance Coin Shows First Bullish Signs in a Month – How High Can it Go?
Binance Coin, known by its ticker $BNB, is outperforming the biggest cryptocurrencies, Bitcoin and Ethereum, if we go by 24-hour metrics.In the last 24 hours, Bitcoin ($BTC) has remained steady at $83,000, showing little...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Binance Coin, known by its ticker $BNB, is outperforming the biggest cryptocurrencies, Bitcoin and Ethereum, if we go by 24-hour metrics.
In the last 24 hours, Bitcoin ($BTC) has remained steady at $83,000, showing little movement. Despite projections of a $160,000 price target in 2025, it continues to trade at roughly half that level.
While the U.S. government has taken a pro-crypto stance, it has yet to provide strong assurances to the industry.
At the same time, concerns over foreign policy—particularly the economic impact of tariffs on key allies and rivals—are adding to market uncertainty.
Ethereum ($ETH) only added 0.6% to its price and currently trades at $1,899. This is well under half its potential highest 2025 price target of $5,050.
BNB Coin Leads the Market but Faces ResistanceBinance Coin ($BNB) outperformed both Bitcoin and Ethereum with a 4% rise to $625, bringing its weekly gains to 12%.
This contrasts sharply with Bitcoin’s 1.4% weekly increase and Ethereum’s 9% decline over the same period.
Still, Binance Coin’s winning streak is likely to be over. In general, the coin has been facing lower resistance levels over the past three months, and is not likely to capture $640.
A falling relative strength indicator (RSI) of 65 suggests the asset was recently overbought and some selling momentum, or profit-taking, is happening that could ultimately stabilize Binance Coin around its current price.
However, with crypto’s $2.83 trillion market posting a 1.4% loss in the last 24 hours, any further negative news regarding American inflation or further erratic economic policy decisions could cause leading projects like Bitcoin and Binance Coin to begin shedding their price.
As Binance Coin Rallies, Best Wallet Attracts Smart MoneyThe broad takeaway from today’s prices is that in the last 24 hours, people have been betting more on Binance than on Bitcoin.
This shows you how even in stormier times, the crypto market can always attract value not just in the quality of its assets but through the quality of its services.
Negative price swings across leading projects have driven crypto investors, not just into Binance Coin, but also into the abundant presales market, where they can snap up cryptocurrencies at fixed floor prices before they hit exchanges, priming them for the next bull run.
One of the most popular ICO’s right now is for the $BEST native utility token powering leading next-gen crypto wallet Best Wallet, a rival to Trust Wallet and MetaMask.
$10M raised and Best Wallet keeps growing!
Holding $BEST isn’t just about being part of the fastest-growing crypto wallet. It comes with real advantages that put you ahead of the game:
Exclusive Airdrop Rewards
Alpha on The Hottest New Tokens
Total Control in One… pic.twitter.com/mRJp7jorsG
One of the key feaures of Best Wallet is its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it aggregates the most rewarding staking opportunities to help users generate the most value out of their portfolios.
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It leverages Fireblocks’ MPC-CMP encryption to keep users’ assets secure.
So far, early investors have poured $11.1 million into Best Wallet’s $BEST token presale, making it a clear alternative to buying exchange coins like Binance’s.
Follow Best Wallet on X and Telegram.
The post Binance Coin Shows First Bullish Signs in a Month – How High Can it Go? appeared first on Cryptonews.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
XRP Price Drops, But ETF Defies Crypto Bloodbath as Bitcoin and Ethereum Funds Bleed
US spot XRP ETFs recorded about $740,000 in net inflows even as the coin lost 6% of its price over 24 hours. Bitcoin, Ethereum, So...
Bitcoin’s Volatility Has Fallen Within S&P 500 Ranks, Study Shows
Bitcoin Magazine Bitcoin’s Volatility Has Fallen Within S&P 500 Ranks, Study Shows Stocks and shares are a safer bet than buying b...
Binance Claims Fastest $1 Billion Sprint in bStocks With $6 Billion in Share Conversions
Binance has reported that its bStocks product crossed $1 billion in assets faster than any competing tokenised equity offering. Un...
Russia’s central bank bans Bitcoin transfers to self-custody wallets
The Bank of Russia bans transfers from regulated accounts to self-custody wallets as Sberbank wins approval to offer crypto exchan...
Ethereum and its L2s settled 77% of stablecoin volume, with $16.75 trillion in transfers
Ethereum's dominance in stablecoin transfers highlights the growing importance of layer-2 networks, emphasizing cost efficiency an...
Ledger Says Organized Crime Group Spent Millions Targeting Hardware Wallet Users
Bitcoin Magazine Ledger Says Organized Crime Group Spent Millions Targeting Hardware Wallet Users Ledger has issued a statement fo...