BNB Price Nears $1,150 Breakout As DEX Volume Surges Past $2 Trillion
BNB price is approaching a critical $1,150 resistance level while the Chain's cumulative DEX volume surpasses $2 trillion, signaling strong network activity.Summary
Binance Coin (BNB) is trading near $1,140, attempting to break the key resistance level of $1,150, as noted by analyst Crypto Tony. A decisive move above this level could propel the price toward $1,270–$1,320, continuing its medium-term uptrend, though failure to hold support around $1,060 could lead to retesting lower zones.
This price action coincides with a major milestone for the BNB Chain, as its cumulative Decentralized Exchange (DEX) trading volume has surpassed $2 trillion, according to data shared by Whale Insider and DefiLlama. The ecosystem currently boasts $8.36 billion in Total Value Locked (TVL) and $14.04 billion in stablecoin market capitalization, with daily DEX volume at $2.83 billion.
Technically, consolidation between $1,110 and $1,130 suggests building momentum for a move higher. With a market capitalization of $158.84 billion, BNB remains the fourth-largest cryptocurrency, and sustained activity on its DeFi ecosystem reinforces bullish sentiment for a potential breakout above $1,150.
(Source：Brave New Coin)