#BinanceHODLerC

Analysis: BNB rises, approaching its all-time high; what comes next?

BNB has had strong gains that brought it to important levels, nearing its all-time high of US$ 793.5, of which it is now only 5.7% away.

At the time this article was written, BNB was trading at US$ 745, with daily gains of 4%, weekly gains of 7.5%, and monthly gains of 16.5%. Expectations for a new all-time high are resurfacing, as most major altcoins are registering significant gains.

BNB remains strong above the support of US$ 560, building higher highs on the weekly chart. If it breaks this range with volume, US$ 2.000 becomes the next major liquidity target. The structure is bullish. The momentum is growing. Keep a close watch.

What is driving the price of BNB?

As the price of Bitcoin stabilizes around US$ 118.000, a broader recovery is observed in the altcoin market. Currently, most of them are showing gains, suggesting a possible rotation of capital into alternative assets to BTC.

During the week, the altcoin market received approximately US$ 140 billion in new capitalization, raising its total market capitalization to US$ 1.47 trillion. In particular, the market capitalization of BNB increased by approximately US$ 6 billion, surpassing the mark of US$ 100 billion.

Additionally, the BNB Smart Chain network is benefiting from several positive catalysts. With the recent Maxwell upgrade, the blockchain now processes double the transactions and generates blocks every 0.75 seconds, significantly improving its operational efficiency.

On the other hand, institutional interest in BNB is starting to emerge. Windtree Therapeutics plans to raise US$ 200 million to invest in the token, which could mark the beginning of a broader adoption phase on Wall Street.

The surge also coincides with the burning of US$ 1 billion in tokens and the eighth anniversary of BNB.