#BNBBlossoms
Why Is BNB Price Surging? Binance Coin Crosses $750
Binance Coin (BNB) has surpassed $750 for the first time in over a year, driven by a strong technical breakout, rising market interest, and a positive structure. Analysts identify $800 as the next major target, though short-term consolidation is possible.
Technical Indicators Support Uptrend
BNB remains well above its 50- and 200-day moving averages, with dynamic support at the 20-day EMA around $675. RSI near 75 indicates strong but not overbought momentum, while MACD stays in positive territory.
On-Chain and Derivatives Data
Over 429,000 BNB have flowed off exchanges, suggesting reduced selling pressure. Futures open interest nears $1 billion, showing speculative interest, with moderate funding rates.
Outlook
Support lies between $675–$700; resistance ranges $793–$800. The medium- and long-term trend remains bullish.
Note: This is analysis, not financial advice; conduct your own research before trading.
