🚀 BNB Rallies on $2B Investment — Could $1,250 Be Next?
On August 12, Abu Dhabi’s MGX announced a historic $2 billion investment in Binance via stablecoins — the largest funding in a crypto firm’s history.
Following the news, BNB jumped 15% in 48 hours, breaking resistance and hitting a new all-time high of $864. With Ethereum and BNB approaching record levels and Bitcoin climbing, institutional demand for top cryptocurrencies is rising.
Market Signals
RSI above 70 indicates overbought conditions — a short-term pullback is possible.
MACD confirms strong bullish momentum with green histogram bars.
Key resistance: $861.10 — clearing it could push BNB toward $900, then $950–$1,000 within a month.
Support levels: $820–$830 (primary), $730.01 (strong), $639.16 (major).
Over $345M in 24-hour transactions highlights high liquidity. All major moving averages (7-day at $819.47 to 200-day at $652.67) are trending up, supporting the bullish setup.
Analyst Outlook
If BNB holds above $850, targets of $1,100–$1,250 are possible within a month. A brief RSI cooldown may offer an ideal entry before the next upward move.
Failure to stay above $850 could trigger a drop to $730 (–13%), while a fall to $639 is less likely unless bearish sentiment intensifies.
