BNB Breaks $1,060 as Technical Indicators Point to Renewed Upside Potential

Binance Coin (BNB) has successfully maintained its 45-day moving average, signaling strong market momentum and renewed confidence in the crypto market. According to CryptoQuant, analysts attribute this sustained price level to expanding DeFi applications and increased institutional investments. The report highlights that BNB is trading around $1,060, perfectly aligned with its 45-day average, which has historically marked a turning point for bullish rallies after consolidation periods.