BNB rises when global merchant stresses are driving demand for crypto market alternatives

The latest escalations in global trade spells have created a complex background for cryptocurrency markets where BNB shows remarkable strength despite economic headwinds.

Token’s upward momentum comes as investors seek alternative assets in the midst of traditional market volatility caused by continuous geopolitical tensions.

While central banks around the world adapt monetary policies to combat inflation, digital assets such as BNB are increasingly considered as potential hedges against economic uncertainty.

Technical analysis highlights

  • Price acting formed a clear increase that broke through key resistance to $ 687.50 with volume above average over 00:00 hour push for $ 691.06, which established new support at $ 688.70 level.
  • The most significant price movement occurred between 23:00 to 00: 00, as GNB rose on 45,675 volume units (well above the 24-hour average), confirming the convention of strong buyer.
  • In the last hour, BNB experienced a remarkable price correction and withdrew from its previous top of $ 690.11 at. 01:21 to $ 688.87 at 02:06, which represents a decrease of 0.18%.
  • Increased volatility between 01: 50-01: 53, when it briefly gathered at $ 689.85, before he met resistance, followed by a sharper downward movement at 1 p.m. 01:57.
  • Price dropped from $ 689.53 to $ 689.13 on significantly higher volume (926.88 units), suggesting profits after the previous UPTREND.

External references

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