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As of 9:22 AM on Tuesday, January 7, 2025, Binance Coin (BNB) is trading at $724.17, reflecting a 1.37% gain from the previous close of $729.52. The market capitalization stands at $104.29 billion, with a 24-hour trading volume of $2.08 billion. BNB’s price today has ranged from $722.90 to $733.03, demonstrating a robust trading range. Its 52-week range is between $287.73 and $793.35.
Over the past seven days, BNB has gained 4.32%, further solidifying its position as the fifth-largest cryptocurrency by market cap. Notably, BNB surged by 2.28% in the past 24 hours, continuing its bullish momentum. Technical analysis reveals a strong resistance level just above $730, with the supply zone extending between $728 and $731. The ongoing recovery suggests the formation of an inverted head and shoulders pattern, a bullish signal indicating potential upside.
Additionally, key technical indicators such as the 4-hour EMA lines have turned bullish, with the Relative Strength Index (RSI) nearing the overbought zone, further supporting the ongoing upward trend. These indicators are currently providing buy signals, suggesting continued momentum for BNB.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice.