🔥 $BNB surpasses $797 after new record—heading towards $800–$850?
📊 Current price and clear technical structure
BNB is trading at $797.89, closing the session with +1.38% after breaking recent resistances at $787–$790 and maintaining annual highs.
⚙️ Key factors
Confirmed bullish channel since July 10, with consistent institutional buying.
Binance completed a burn of 1.6 M BNB (~$1 B) and launched updates (Maxwell) that enhance network performance.
Build & Build Corp acquired $100 M in BNB, reinforcing strategic accumulation.
OI fell after the rally, suggesting a rotation from futures to spot, typical of institutional entry.
🔧 Technical level of the day
📌 Key support: $775–$780 (EMA50, channel base)
📌 Immediate resistance: $804.60 (intraday high)
🎯 Critical zone: staying above $780 opens the way to $820–$850, objectives in Fibonacci extensions.
🌐 Institutional outlook / macro vision
BNB stands out as a strong candidate in institutional portfolios: it combines utility (discounts, staking, fees) with scarcity due to burns and corporate backing. Its listing in TradFi positions it as a dual asset (crypto exposure + real yield).
Final engaging question
Do you think BNB will close July around $850? Share your forecast 👇
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