The cryptocurrency market is having a relief pump following its poor start to the week. Bitcoin has reclaimed the $80,000 psychological level once again, while Ethereum is now approaching $2,300. BNB, the native coin of the Binance ecosystem, is up by 2.5% in the last 24 hours, making it the second-best performer in the top 10, behind Hyperliquid’s HYPE token. BNB is nearing the upper boundary of its horizontal channel at $687 on Friday. A breakout above this level would signal a potential bullish move. On-chain metrics support this positive outlook, though mixed derivatives sentiment may cap short-term upside momentum. On-chain data supports a bullish bias CryptoQuant summary data shows a bullish bias.
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