BNB, the fifth-largest cryptocurrency by market capitalization, has experienced an impressive surge of 40% after reaching a five-month low on February 3. Despite market consolidation, BNB has defied the trend and maintained strong upward momentum. This surge is backed by actual coin demand rather than speculative trades, as indicated by the upward trend of its Relative Strength Index (RSI) and the Aroon Up Line at 100%, suggesting a strong uptrend. If demand continues to strengthen, BNB's next price target could be its all-time high of $793.86. However, a reversal in the current trend may result in BNB losing recent gains and falling to $685.55 or even $610.98.



Other News from Today