đĄ BNB Rockets Toward $650 as Binance Activity Explodes
) is back in beast mode, rallying 9% in the past 24 hours and breaking above the $630 mark. Traders are now eyeing $650 as the next key resistance â a level that could open the door to fresh all-time highs if bulls keep the pressure on. đ
The timing couldnât be better for BNB holders. Binance just rolled out its Global Trading Rewards Week, offering zero maker fees on selected pairs and bonus staking APY for $BNB holders. This has led to a 70% spike in spot trading volume, with BNB/USDT leading the pack.
On the technical side, BNB has cleared its 50-day moving average and is riding a bullish trendline that started in mid-July. The RSI is healthy at 64, showing strong buying power without being dangerously overbought. Analysts say that if $650 is broken, the next target could be $680 â and beyond that, $700 becomes a real possibility.
Adding to the excitement, Binanceâs recent partnership with a major Southeast Asian e-commerce giant has boosted the utility of BNB as a payment method, expanding its real-world adoption. In just a week, over 200,000 transactions have been processed using BNB for online purchases, signaling a growing trend. đđł
Whales are also in play. Blockchain data shows several multi-million-dollar BNB buys hitting the Binance order books, suggesting that deep-pocketed investors are accumulating in anticipation of a breakout.
However, resistance at $650 remains the âmake or breakâ zone. If rejected, $BNB could see a pullback to $610, but sentiment is overwhelmingly positive right now.
đ„ Hot Take: BNBâs combination of bullish technicals, exchange-driven demand, and whale activity makes it one of the hottest coins to watch this week. $650 could be the launchpad for something much bigger.
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