BNB Outperforms Bitcoin Amidst Market Volatility
While Bitcoin struggles with bearish pressure and technical indicators suggest potential downside, BNB is exhibiting remarkable strength. The native token of the BNB blockchain has surged over 6% in the last week and 17% in the last 30 days, nearing its all-time high.
This ascent is driven by increased demand for the BNB blockchain, particularly due to the rapid rise of the decentralized perpetual futures exchange Aster. Technical indicators for BNB, including a strong ADX and RSI, combined with a "golden cross" on its EMAs, support its bullish momentum and ability to thrive independently of broader market trends.