$BNB Binance Coin (BNB) Eyes $1,100 Amid Key Developments
BNB has risen for three consecutive days, reaching $610—up 20% from this week's low. Four key factors could push it past $1,100:
1. Pascal Hard Fork: Set for March 20, this upgrade will enhance BNB Chain with better EVM compatibility, smart contract wallets, and improved transaction speeds.
2. Trump Investment Rumors: Speculation about the Trump family investing in Binance US, despite CEO Changpeng Zhao denying it.
3. BSC Market Growth: Binance Smart Chain is gaining ground against Ethereum and Solana, with a $4.4 million liquidity incentive for dApps.
4. Cup & Handle Pattern: A bullish chart formation suggests a potential breakout to $1,160, as long as support at $500 holds.
BNB remains above key moving averages, signaling continued bullish momentum.