Binance's BNB token climbedTuesday on the back of the U.S. Securities and Exchange Commission dismissing its long-running lawsuit against the crypto exchange last week.
The token jumped from $650.28 to $673.70, a 3.6% rise, before entering a period of sideways trading and a short correction that saw it drop back down to the $665 level.
The SEC’s move helped unlock previously restricted U.S. dollar deposit features, including ACH bank transfers, marking a partial restoration of Binance’s fiat channels on its U.S. platform.
The timing added fuel to BNB’s rally, which came amid wider global financial unease, including shifting trade policy and rising macroeconomic uncertainty.
Meanwhile, on-chain data showed BNB Chain handling $14 billion in daily decentralized exchange (DEX) volume, surpassing Ethereum and Solana combined. That scale of activity suggests BNB Chain remains a crucial venue for crypto trading despite regulatory scrutiny.
Technical Analysis Overview
On the technical side, BNB showed strong accumulation patterns, according to CoinDesk Research's technical analysis data model.
Price action formed an ascending channel, briefly peaking near $673.70 before pulling back to consolidate above the psychologically important $665 level.
A sharp volume spike around 01:00 and renewed buying near $665.32 helped stabilize the token’s price, indicating buyer interest at those levels.
If support continues to hold, traders may interpret the move as the beginning of a longer bullish trend—especially now that some regulatory overhang has been lifted.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
