- BNB has reclaimed a price level not seen in over a year.
- The BNB chain has integrated another DeFi platform.
Binance Coin [BNB] has recently experienced a notable increase in certain key metrics. This surge is linked to the latest developments on the network, coupled with a recent advancement in the BNB chain.
BNB hits the pre-FTX spot
Analysis of the Binance daily timeframe chart showed that BNB had been on an upward trajectory except for the current moment. Between 21st and 22nd February, BNB recorded an increase of over 7%, specifically achieving 7.03% on 21st February.
This surge propelled its price to $382.5, marking the first time since May 2022 that BNB reached this price range. The ascent to this range signifies the culmination of an uptrend that commenced around 7th February.
As of this writing, BNB was trading at around $376, reflecting a decline of over 1%.
Additionally, the chart showed that BNB entered the overbought zone on 20th February after consistently staying above the neutral line. Although it remained in the overbought zone at the time of this writing, the price decline has initiated a downward trajectory.
BNB volume pumps to yearly high
The Binance BNB volume chart analysis showed a convergence with the price, showing a simultaneous surge. By the end of 22nd February, the BNB volume had risen to over $2.3 billion.
A more in-depth analysis o
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Author: Adewale Olarinde
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