🚀 BNB Surges on $2B Injection — Could $1,250 Be Next?
On August 12, Abu Dhabi-based MGX revealed a $2 billion investment in Binance, marking the largest ever in crypto history.
Funded by stablecoins, this deal pushed BNB up 15% in just 48 hours, breaking resistance and reaching an all-time high of $864.
As Ethereum and BNB near record highs and Bitcoin sets new peaks, institutional interest in major cryptocurrencies continues to grow.
Despite the excitement, technical indicators suggest short-term caution. BNB is overbought, with an RSI above 70, hinting at a possible pullback.
Meanwhile, the MACD line sits well above the signal line and the histogram is green, signaling ongoing bullish momentum.
Crucial resistance sits around $861.10—breaking this could trigger momentum buying toward $900 and the $950–$1,000 range within the next 30 days. Support lies at $820–$830, with stronger floors at $730.01 and $639.16.
Over $345 million moved in the past 24 hours, providing liquidity for potential swings. All major moving averages, from the 7-day ($819.47) to the 200-day ($652.67), remain upward, confirming the trend.
Analysts remain cautiously optimistic. If BNB holds above $850 and surpasses $861, it could climb to $1,100–$1,250 within a month. A minor RSI pullback might offer a favorable entry before the next surge.
Conversely, falling below $850 could trigger a 13% drop to $730. A deeper decline to $639 is unlikely given current fundamentals, but could occur if market sentiment turns negative.
