BNB, the token that drives the BNB chain and can be used for discounts on tariffs in leading exchange binance, has crossed $ 1,000 for the first time in the middle of a broader increase in the cryptocurrency market.
The Token increased 4.5% in the last 24 -hour period, rose from $ 956.80 to a historical maximum of $ 1,004 and pushed its market capitalization to almost $ 140 billion, according to the technical analysis data model of COINDESK Research.
That movement surpassed BNB to Solana to recover its position as the fifth largest cryptocurrency for market capitalization.
The rally seems to reflect renewed trust since Binance is in conversations with the United States Department of Justice. (DOJ) To end a key compliance requirement of the 2023 agreement of the exchange.
Binance since 2023 has been under a monitor designated by the Court as part of its agreement of $ 4.3 billion on transmission violations against money.
The agreement, if it ends, would require the exchange to adopt a stricter internal reports system, as was the case of similar companies that were released from monitors designated by the Court.
Some investors in social networks are also speculating about the possible return of co -founder Changpeng Zhao, who resigned as part of the Binance Department of Justice Department. While there is no official indication of his leadership re -entry, the narrative seems to be promoting the impulse behind the Token.
The largest cryptographic market has risen after the United States Federal Reserve reduced yesterday interest rates to 25 BPS, as anticipated. The Coendesk 20 index, which offers a weighted measure of the broader digital asset market, is around 3% in the last 24 hours.
General description of the technical analysis
BNB’s upward thrust began constantly after reports arose from the Binance-Doj agreement, with the Token contributing about $ 956 in the morning before gathering the rhythm in the afternoon. He jumped from $ 961.41 to $ 994.49 in just over an hour, in a peak that came with an increase in the volume of negotiation.
The Token found constant support between $ 983 and $ 988, even when it stagnated briefly close to the resistance to $ 995. That price price was tested several times before a final break that saw a new one to reach a new one all time above the psychological barrier of $ 1,000.
The most acute gain came in a six -minute window where prices jumped from $ 998.74 to $ 1,004.28, backed by an explosion of volume eight times above the levels per normal hour.
The new resistance is emerging about $ 1,005, while the support has stabilized just below the $ 1,000 line. The BNB price has retreated around $ 998.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
