Binance Coin Breaks New ATH at $1,351.98, Surges by 7.7% in a Day

Binance Coin (BNB) has hit a new all-time high of $1,351.98, rising 7.7% within the past 24 hours. Analysts attribute this surge to surging DeFi applications and increased investment from institutional players. The token’s price action shows significant support around $1,217.98, a level that has bolstered BNB’s recent gains. Resistance sits at $1,369.99, with potential for further consolidation in the near future. The recent rally continues to solidify BNB’s position as one of the most prominent cryptocurrencies.