Binance Coin (BNB) is catching the attention of traders after forming a classic bullish technical pattern — the Golden Cross. This occurs when the 50-day moving average crosses above the 200-day moving average, often seen as a sign of upward momentum.
This technical signal comes as BNB sees a sharp increase in decentralized exchange (DEX) trading volume. On-chain metrics show a spike in user activity, indicating renewed interest in BNB’s role within the DeFi ecosystem.
Over the past week, DEX volumes surged notably on BNB Chain, pointing to growing engagement from both retail and institutional participants. The increased utility of BNB within smart contracts, DeFi protocols, and liquidity pools is likely fueling this momentum.
Additionally, BNB’s price action has been relatively resilient, even as broader market volatility remains high. Analysts believe this combination of rising volume and bullish technical setup could support a potential breakout in the near term.
With the market keeping a close eye on Bitcoin and Ethereum, BNB might just be positioning itself as a stealth performer in the coming days — backed by solid fundamentals and a technical landscape that favors the bulls.
