Binance Coin (BNB) has soared past the $1,200 mark, reflecting a bullish market sentiment. Trading volume on major exchanges has surged, reaching nearly $2.86 billion in 24 hours, fueling this impressive climb. Key insights from market analysts and data indicate:
* Monthly active addresses on the BNB Chain have doubled since the start of 2025, hitting 60 million.
* The price break is supported by a strong trend with buyers actively engaging around key support levels.
* Resistance at $1,245 presents challenges, while support zones are situated near $1,185 and $1,125.
This surge in BNB’s value comes after weeks of steady price growth from the $990 range, driven by positive momentum that suggests a strong market outlook.