BNB’s Chart Signals Shifts as Options Volume Soars Amidst Volatility

Binance Coin (BNB) is navigating increased volatility with support levels emerging on the charts as traders adjust their positions in derivatives markets. On-chain data reveals three key support zones: $853, $660, and $564, identified through realized distribution, offering potential guidance for the asset’s next trajectory. A surge in options volume suggests hedging activity alongside a decrease in futures open interest. Divergence in long and short positions across exchanges adds further ambiguity to BNB’s near-term direction.