Join Our Telegram channel to stay up to date on breaking news coverage
The BNB price rose over 1% in the last 24 hours to trade at $577.10 as of 1:28 a.m. EST on trading volume that spiked 19% to $698 million.
This comes after VanEck, an American asset management firm, filed an S-1 form with the US Securities and Exchange Commission (SEC) for the first US BNB ETF (exchange-traded fund).
BNB Price Poised For A Breakout
The BNB Price is tightly consolidating within a symmetrical triangle pattern, which is a structure typically indicating a potential breakout in either direction.
This triangle has been forming over several months, with the Binance Coin price coiling between gradually converging trendlines. The tightening range reflects a reduction in volatility and an approaching decisive move.
The pattern is occurring after a prolonged uptrend followed by a period of sideways to bearish action, making this a potentially neutral setup until confirmed otherwise.
Meanwhile, the 50-day Simple Moving Average (SMA), currently at $600.55, lies just above the BNB price, acting as immediate resistance.
The 200-day SMA is positioned at $635.73, suggesting that the broader trend remains slightly bearish since the price of BNB is trading below it, GeckoTerminal data shows.
Furthermore, the Relative Strength Index (RSI) is at 50.62, reflecting a neutral momentum, neither overbought nor oversold, which supports the indecisiveness within the symmetrical triangle.
Given the current structure and neutrality of the indicators, a breakout above the triangle and the 50-day SMA could open the door to a retest of the 200-day SMA around $635, signaling a bullish shift.
BNB/USD chart analysis (Source: GeckoTerminal)
However, a breakdown below the lower trendline could send the BNB price toward support in the $560–550 range.
Meanwhile, crypto investors are turning to BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.
YouTube channel 99Bitcoins, which boasts over 725K subscribers, predicts 10X gains for BTCBULL holders after the token launches.
BTC Bull Token Presale Charging Towards The $6 Million Milestone
BTC Bull Token is a one-of-a-kind project that enables its holders to earn real Bitcoin rewards without investing directly in BTC.
The project’s presale has already raised over $5.36 million, signaling rising interest.
BTCBULL holders will receive free Bitcoin when BTC crosses $150K and again at the $200K milestone. These events are designed to reward loyal supporters directly during high-momentum market phases.
Perhaps the most anticipated event of all is that when Bitcoin reaches $250K for the first time, the project will conduct a monumental airdrop, distributing 10% of the entire 21 billion token supply to early supporters.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition to BTC airdrops, the team will also carry out token burns, permanently removing a portion of the total supply. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
Bitcoin Bull token holders can also earn passively by staking their tokens for a 77% annual percentage yield (APY).
Investors that want to participate in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.002495 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before a price hike in less than 1 hour to secure the best deal.
Related News:
- PENGU Soars 7%, But Investors Rush To Buy This AI Pepe Coin Presale
- TRUMP Plunges 23% In A Week As Investors Pivot To This $33.4M Solana Layer-2
- Trump Says “Crypto’s Important,” Wants To Keep It “Away From China”
Best Wallet - Diversify Your Crypto Portfolio
Join Our Telegram channel to stay up to date on breaking news coverage
