Binance Coin Surges on Ecosystem Expansion
is on a winning streak, crossing $630 after weeks of consolidation. The catalyst? Binance’s announcement of BNB Chain’s integration with Layer-2 scaling solutions, enabling faster and cheaper transactions for dApps.
This move has been met with strong approval from the crypto community, as it positions BNB Chain to compete directly with Ethereum Layer-2 networks. Daily active addresses have climbed 14% in the past week, while total value locked (TVL) in BNB-based DeFi projects is up 22%.
Technical analysis shows $BNB clearing its EMA-100 and forming a bullish engulfing candle on the daily chart. The next resistance is $650, with a potential breakout targeting $680 if bullish pressure holds.
On Binance, $BNB ’s perpetual futures have seen a spike in open interest, indicating leveraged traders are betting on further upside. However, analysts warn that a break below $610 could trigger short-term corrections.
🔥 Bottom line: BNB’s growth is backed by both tech upgrades and ecosystem expansion. The $650 battle could decide whether the coin enters its next explosive phase.
#BinanceAlphaAlert #CryptoIn401k #CryptoIn401k #BuiltonSolayer #Notcoin
