#BNBATH Ecological development is strong: Binance's ecosystem continues to upgrade, such as the launch of Web3 wallets, options trading, and staking expansion. The trading volume of stablecoins on the BNB chain has exceeded 429 million transactions for three consecutive days, accounting for more than 30% of the market share. The ecosystem's activity is high, providing support for prices.
◦ Institutional accumulation: Institutions have strong confidence in BNB, as Nasdaq-listed company Nano Labs publicly disclosed the purchase of 128,000 BNB, and BlackRock's BNB-related derivatives contracts saw an increase of $73.22 million in one day. Hedge funds are also buying on dips; institutional buying behavior will have a positive impact on BNB prices.
◦ Technical pattern bullish: A rounded bottom pattern has formed on the daily level. After breaking the neckline at $745 at the end of July, BNB entered a pullback confirmation phase. If it holds this area, the upward target will open in phases. Technical analysis experts believe that it is highly likely to reach the key resistance level of $1,028 by the end of 2025.
◦ Regulatory progress: The licensed exchange OSL HK in Hong Kong announced support for BNB trading, marking an important milestone in the regulatory process for BNB, which helps enhance BNB's market recognition and liquidity. $BNB
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