Will Binance’s 8th Anniversary Push BNB Above $700? #BinanceTurns8
BNB is currently trading at $661, reflecting steady accumulation and strong bullish sentiment amid Binance’s 8th anniversary events. Here’s how this milestone could influence the price:
Price Impact Overview:
• Heightened demand: Users are buying/holding BNB ($661+) to join the Crypto Meteor Shower and unlock GR‑8 Quest rewards.
• Decreased circulating flow: When holders stake or hold for event eligibility, supply tightens, supporting price strength.
• On-chain and social momentum: Elevated mentions on Binance Square and X amplify hype and FOMO at $660+ levels.
• Technical optimism: A clear breakout above $660–665 could open the path toward $700+, with $580–600 already behind.
Potential Trajectory:
• Base case: Continued event-driven momentum could lift BNB toward $700–720 during the week.
• Upside scenario: Big wins or whale trades could trigger a rally beyond, possibly testing $750.
• Caution zone: Post-event profit-taking near $700 may cause short-term retracements—watch volumes. #BinansSqare $BNB