#ETHBreaks4000 $BNB ✨💥✨💥
#CryptoIn401k BNB rose by 2.74% in the last 24 hours, outperforming the crypto market overall (+1.87%). This rebound coincides with a 30-day upward trend (+20.66%) and is attributed to three key factors:
1. Institutional accumulation of BNB - CEA Industries closed a private placement of $500 million for its treasury strategy in BNB (CEA Industries).
2. Ecosystem expansion - The partnership of BNB Chain with xStocks for tokenized U.S. stocks was launched on Solana/BNB Chain (Kraken).
3. Technical breakout - The price surpassed the Fibonacci resistance of $786 with a bullish crossover on the MACD.
#BitcoinSPACDeal The gains of BNB come from the convergence of institutional adoption, the integration of real-world assets, and technical momentum, although low volume and high RSI advise caution.
Point to watch: Will CEA's rebranding on Nasdaq on August 6 attract more buying, or will profit-taking appear near the resistance at $860? It is also important to monitor stablecoin inflows into BNB Chain (currently $10 billion) as a sign of liquidity.