Last Updated on July 21, 2022 by Bitfinsider

Binance Coin (BNB) is currently approaching the $275 mark. The bulls are expected to push harder as well, and selling pressure should return to normal within the next 24 hours. Is there going to be a significant rebound in the next few hours?

Over the last 24 hours, the cryptocurrency market has been primarily bullish. Everything is looking up for the cryptocurrency market. Bitcoin, the king of crypto, gained 6.77 percent, Ethereum gained 6.2 percent, and other major altcoins are thriving.

BNB/USD has experienced extreme volatility in the last 24 hours, trading in the range of $255 to $275, representing a 34.46 percent increase in trading volume or a total of $1.934 billion.

BNB has been performing better since the middle of last week, breaking through the resistance level of $245. BNB continued to rise, reaching the $274 resistance level, with no downsides observed.

BNB’s trading volume has increased by up to 65 percent since last week, moving in tandem with the rest of the coin supplies, which have also gained 0.06 percent so far, bringing the overall circulating supply to 163.28 million, or approximately 98.89 percent of the total supply of 165.12 million.

BNB has been reversing resistance levels while maintaining its momentum. Despite SEC issues and the possibility of the coin being delisted, Binance Coin remains the fifth largest coin in terms of market cap.

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.