$BNB BNB has reached a new ATH of $804.70, closing at $780.99 with a market capitalization of $110B. This milestone positions BNB ahead of Solana in a significant market shift.

Growth Catalysts:

The breakout of the 1533-day flag pattern confirms technical strength, with an RSI of 96.68 indicating extreme momentum. Support levels have formed at $761 and $780.

Fundamentally, the recent Binance burn removed 1.6M tokens (worth $1B), while the BNB Chain upgrade improved performance to 5,000 DEX exchanges per second. Institutional interest increased with Nano Labs acquiring 45,684 BNB.

Trading Implications:

• 13.5:1 long-short ratio highlights the bullish position

• Fibonacci projections point to $850-860 in the short term, $900-1200 in the long term

• Overbought conditions warrant caution at the psychological barrier of $800

• 96.6% bullish sentiment suggests potential for profit-taking.