The post BNB Price Surges Above $860 as Binance Coin Shows Strong Bullish Momentum appeared on BitcoinEthereumNews.com.

Timothy Morano
Sep 06, 2025 11:45

Binance Coin trades at $860.35 with 1.13% gains as technical indicators signal continued upward momentum despite bearish MACD divergence.

Quick Take • BNB currently trading at $860.35 (+1.13% in 24h) • Binance Coin’s RSI at 55.11 shows neutral momentum with room for upside • Strong bullish trend continues with price above all major moving averages • No significant news catalysts in recent sessions What’s Driving Binance Coin Price Today? The BNB price action over the past 24 hours reflects a continuation of the broader bullish trend that has characterized Binance Coin throughout recent weeks. With no major news events or announcements from Binance in the past seven days, the current price movement appears driven primarily by technical factors and sustained investor confidence in the ecosystem. Trading volume on Binance spot markets reached $138.7 million over the past 24 hours, indicating healthy participation despite the absence of specific catalysts. This volume level suggests that the current BNB price levels are being supported by genuine market interest rather than speculative spikes. The lack of immediate news doesn’t necessarily signal weakness for Binance Coin. Instead, it demonstrates the token’s ability to maintain upward momentum based on fundamental strength and technical positioning, which often provides more sustainable price action than news-driven volatility. Binance Coin Technical Analysis: Mixed Signals Emerge The most compelling aspect of the current Binance Coin technical analysis reveals a market in transition. Binance Coin’s RSI reading of 55.11 places it firmly in neutral territory, suggesting neither overbought nor oversold conditions. This BNB RSI level provides room for additional upside movement before hitting resistance zones. However, traders should note the bearish divergence appearing in BNB’s MACD indicator. The MACD histogram shows -4.5547, indicating that while the BNB price…

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Filed under: News - @ September 6, 2025 9:29 pm