BNB continues to rise above $ 670 with support from stable currency activity and Dex trading

The BNB (BNB) settled around the level of $ 674 today, Tuesday, after it witnessed a remarkable recovery that lasted for three consecutive days, and this upward movement comes at a time when the data on the series indicates widespread optimism in the market, supported by a significant increase in stable currency activity and an increase in a sign in the volumes of decentralized platforms on the BNB network.

Series data enhances positive outlook

Artemis data showed that the total value of stable currencies on the BNB network reached 24.2 billion dollars on May 21, the highest level that has been registered since the beginning of 2025, and despite a slight decline in size after this date, the survival of the activity at high levels reflects an increase in the use of the network, which may attract more users to the BNB system.

Parallel to that, liquidity and interest in the network trading increased, as the daily DEX trades jumped to $ 11.8 billion on May 21, which is also the highest annual level so far, and this rise enhances the positive view of the currency, especially as this upward activity continues since mid -May.

Technical indicators that suggest a new ascending wave

Technically, BNB penetrated the similar triangle model on May 8, a pattern known to expect a strong movement once it comes out, and this penetration was followed by an increase of more than 10% before the currency witnessed a limited correction of 4.3% last Friday and then began to recover again during the following days.

If the positive momentum continues, the theoretical goal of the following artistic movement is 839 dollars, based on the measurement of the distance between the first summit and the first bottom in the technical model and adding it to the penetration point, yet the price may face some resistance at 709 and 732 dollars, which are stations in which traders can earn profits.

On the level of technical indicators, the RSI index (RSI) appears at 61 points towards an upward direction, indicating the presence of a strong purchasing momentum without entering the purchasing saturation area, and in return, the convergence of the MACD index (MACD) indicates a relative frequency in the market, which means that some caution still exists among traders.

In the event that BNB faces a sudden sale or decline, the closest level of daily support is located at $ 638, which is the level that should be preserved to confirm the continuity of the upward trend, while in the event of a fracture without it it may go to deeper support at the bottom of the May 5 of $ 583.