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By AI Boost|Edited by Aoyon Ashraf
May 22, 2025, 9:03 a.m.
- BNB saw bullish momentum alongside Bitcoin’s rally, holding firm at key support levels despite brief pullbacks.
- BNB Chain hit 8 million daily transactions and 2 million wallets, fueling ecosystem confidence and investor interest.
BNB’s impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.
The token’s upward momentum coincides with Bitcoin’s approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses.
STORY CONTINUES BELOW
Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research’s technical analysis data model.
Technical Analysis Highlights
- Price action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).
- Strong volume support established around the $663-$670 zone.
- The asset encountered resistance near $689.35 during the 03:00 hour on May 22nd before a minor pullback.
- Support maintained at $679.08, suggesting continued bullish momentum.
- Notable volatility in the last hour with a significant price surge between 07:35-07:37, climbing from $680.85 to $683.78 (0.43% increase).
- Multiple tests of $682.00 level showing buyer interest, with resistance around $683.90.
- Volume peaked during the 07:37 period with over 7,190 units traded, confirming strength of upward movement.
- Final minutes showed consolidation around $682.28, suggesting temporary equilibrium after volatile trading.
External References
- “Binance Coin BNB Breaks Bull Flag, Targets $750 Amid Maxwell Hardfork Buzz“, The Crypto Basic, published May 21, 2025.
- “Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K“, NewsBTC, published May 22, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
