Binance’s BNB token climbed on Tuesday on the back of the US Securities and Exchange Commission, which rejected his long-term trial against Crypto Exchange last week.

The token jumped from $ 650.28 to $ 673.70, an increase of 3.6%before entering a period of sideways trade and a short correction that saw it fall back to the $ 665 level.

SEC’s move comes at a time when the stock exchange brought previously limited dollar -depositum features, including ACH Bank transfers, marking a partial restoration of Binance’s Fiat channels on its US platform.

The timing added fuel to BNB’s rally, which came in the midst of a broader global economic turmoil, including changing trade policy and rising macroeconomic uncertainty.

Meanwhile, data on the chain of BNB chain handling of $ 14 billion showed in daily decentral volume (DEX) volume that surpassed Ethereum and Solana combined. This activity scale suggests that the BNB chain remains a crucial place for crypto trade despite regulatory control.

Overview of Technical Analysis

• On the technical side, BNB showed strong accumulation patterns, according to Coindesk Research’s technical analysis data model.
• Price action formed an increasing channel where he briefly peaked nearly $ 673.70 before retiring to consolidate the psychologically important $ 665 level.
• A sharp volume around 01:00 and renewed purchase of nearly $ 665.32 helped stabilize token’s price, indicating the buyer interest at these levels.
• If the support continues to hold, dealers can interpret the move as the beginning of a longer bullish trend – especially now that some legislative overhang has been lifted.