BNB Price Remains Resilient, Traders Eye Breakout Above $1,140

Binance Coin (BNB) is currently trading near the critical $1,060 support level while traders cautiously anticipate a potential upward movement toward $1,140. Binance’s stablecoin reserves have surged by $12.6 billion in recent months, indicating a shift towards safer assets as market volatility remains high. This shift is reflected in increased trading activity on Binance’s spot markets as daily Bitcoin volumes have climbed to $5-10 billion since the October 10 liquidation event.