🔥🔥💣💣 BNB surpassed $104B in Market Capitalization.
It rose above $750, trading at $755.69 with daily gains of +2.7%. Despite reaching a market capitalization of $104B.
Its dominance stands at 2.66% (5-month low). The breakout follows a consolidation phase between $720 and $740, driven by renewed confidence in its ecosystem.
Key Driving Factors:
• Technical signals: Bullish MACD, over 5,000 hourly BNB purchases, long-short ratio of 13:1
• Token burn: $1B in value eliminated on July 10
• Maxwell upgrade: 5,000 exchanges/second on DEX, block times of 0.75s
• Regional volatility: Asian markets (15.5%) vs America (8.11%) and Europe (3.91%)
Trading Outlook: First resistance: $770-$800. Support: $745. The RSI at 75% indicates overbought conditions,
