Regulatory Relief Sparks Optimism
BNB, the native token of Binance, showed renewed strength after the U.S. Securities and Exchange Commission (SEC) dismissed its lawsuit against Binance, clearing a major legal hurdle for the exchange. This development brought back previously restricted U.S. dollar deposit channels, including ACH bank transfers, enabling smoother fiat onramps for U.S. users.
The SEC’s decision has been interpreted as a significant step toward regulatory stability for Binance and its ecosystem.
Price Action and Performance
Following the announcement, BNB surged from $650.28 to $673.70, representing a 3.6% intraday increase, before pulling back to around $665. Despite the correction, BNB held above a psychologically key support level, indicating resilience.
A sharp volume spike around $665.32 showed renewed buying interest, signaling potential for further upside.
Price action formed an ascending channel, reflecting a continuation of bullish momentum in the near term.
Decentralized Exchange Volume Strengthens Bullish Outlook
The BNB Chain processed $14 billion in daily decentralized exchange (DEX) volume, exceeding combined volumes of Ethereum and Solana. This data underscores BNB Chain’s role as a dominant trading infrastructure, even amid persistent global regulatory discussions.
High on-chain activity signals strong network usage, which often correlates with price appreciation over time.
Technical Indicators Suggest Accumulation
According to technical analysis models, BNB is currently in a strong accumulation phase, with higher lows and consistent support above $665. Bullish structure remains intact, with traders watching for a clean breakout above $673.70 as the next confirmation of trend continuation.
If support holds and volume remains strong, the token could enter a new bullish phase, potentially testing higher resistance zones around $680–$690.
Market Context
The rise in BNB’s price comes amid broader macroeconomic uncertainty, including global trade shifts and monetary policy concerns. In such environments, assets tied to utility-rich networks like BNB Chain often attract speculative interest and capital inflows.
BNB’s technical strength, regulatory relief, and network activity create a favorable setup for longer-term bullish continuation.