As the broader cryptocurrency sees most coins registering high gains, BNB is among those with a notable price increase. The token has recovered all past weeks’ losses and shows parallel gains from the 30-day to the hourly price increase.

The fourth-largest cryptocurrency by market cap gained 7.46% over the past 24 hours and saw a 23.86% increase over the past seven days. The token consolidated around $277 for four consecutive days, with $290 posing strong support.

Also, BNB has recorded a surge in trading volume over the past 24 hours, indicating increased network activities. CoinMarketCap’s data shows a sharp spike in trading volume from $352.47 million on March 12 to $1.33 billion today, March 17.