NFTs Weekly Trading Sales Volume Rises 14% to $135 Million
NFT Market Resurgence: The NFT market has rebounded significantly, with a trading sales volume of $135 million in the past week, driven by renewed interest in blue-chip collections like Pudgy Penguins and CryptoPunks, and an increase in traders by 112% to 617K.
Top Performing Blockchains: Ethereum led the NFT market with over $55 million in sales, followed by BNB Chain with $25 million (up 202%), while Base and Mythos Chain saw declines in sales. Bitcoin-based NFTs also experienced a 24% drop in trading volume.
Leading NFT Collections: The Vesting NFT collection was the top seller at $17 million, followed by Moonbirds at $7.9 million and DX Terminal at $7.6 million. Other notable collections included DMarket and GoG Heroes, with varying sales performances.
High-Value Sales: The top NFT sale was BNB’s Vesting #516, which sold for $961,714, indicating a potential for future growth in the NFT market, although experts caution against a repeat of the 2021 speculative boom.
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Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 266.337 | 418.198 | 557.127 | 708.988 | 847.917 | 999.778 | 1138.707 |
| Fibonacci | 418.198 | 529.28 | 597.907 | 708.988 | 820.07 | 888.697 | 999.778 |
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