#BNBBreaksATH
Quickly Rises to $800 with Instant Institutional Support from the Market BNB reached $804.70 (July 23), currently trading at $794-795 after breaking the resistance of $750 with a gain of 3.92% in 24 hours.
The technical breakout followed a successful support at $735, establishing a new trading range.Key Factors
• Institutional Support: Binance dominates 35% of the global cryptocurrency volume; Nano Labs acquired 120,000 BNB; large purchases over 83,204 BNB
• Technical Strength: RSI overbought, positive MACD, and a long/short ratio on margin of 15.08 favor the bulls
• Growth Catalysts: Token burn of $1 billion, planned upgrades of BNB Chain (20,000 TPS), expansion of the DeFi ecosystem with low fees