Why is the BNB price up today?

“Related: SEC and Binance.US to negotiate deal avoiding overall possession freezeIn current years, BNBs price came under pressure due to more comprehensive crypto market decreases, as shown below.BNB/ USD everyday cost chart with the 50-day EMA and 200-day EMA. Source: TradingViewEach time, the BNB rate found strong support near $220, which the bulls will argue ought to make this level an ideal buy zone after the SEC-led cost drop– if history repeats.As of June 14, BNB/USD trades inside the $240 to $250 variety, a combination location from December 2022 to January 2023. If the rate decisively closes above the $250 resistance, then the primary advantage target will be its 50-day rapid moving average (the red wave) near $300 in the third quarter, up around 20% from current costs.

“Related: SEC and Binance.US to negotiate deal avoiding overall asset freezeIn recent years, BNBs price came under pressure due to more comprehensive crypto market declines, as shown below.BNB/ USD everyday price chart with the 50-day EMA and 200-day EMA. Source: TradingViewEach time, the BNB cost discovered strong assistance near $220, which the bulls will argue must make this level a perfect buy zone after the SEC-led cost drop– if history repeats.As of June 14, BNB/USD trades inside the $240 to $250 range, a consolidation area from December 2022 to January 2023. If the cost decisively closes above the $250 resistance, then the primary upside target will be its 50-day rapid moving average (the red wave) near $300 in the 3rd quarter, up around 20% from current costs.