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As of June 10, 2025, the price of Binance Coin (BNB) has exceeded $650, showing slight fluctuations during the day but an overall steady trend. The 24-hour trading volume continues to rise, indicating increased market activity. On the technical front, the BNB daily chart has broken through the 'bullish flag' formation, with the 50-day EMA crossing above the 200-day EMA forming a golden cross. The MACD histogram continues to expand, and the RSI has rebounded to a neutral range, showing a short-term bullish signal. If it holds above the $650 support, it may further challenge the $700-$750 range.

Recently, there have been frequent positive developments in the fundamentals: Binance Chain announced the launch of the Maxwell hard fork testnet on June 12, introducing upgrades such as BEP-524 to shorten block time and optimize the validator network. This move is expected to enhance the efficiency of the BNB ecosystem and expand its application scenarios. In addition, the Binance payment network has reached agreements with multiple merchants to promote the use of cryptocurrency in everyday scenarios. Coupled with ongoing institutional interest in BNB-chain DeFi projects, market sentiment leans towards optimism.

Current market sentiment is driven by both macro policies and technical upgrades, with social media discussions about the BNB ecosystem significantly increasing. Investors are generally focused on short-term breakout momentum and mid-to-long-term ecological value.

Disclaimer: This article only provides market information analysis and does not constitute any investment advice. The cryptocurrency market is highly volatile; please make rational decisions and pay attention to risk management.