$BNB BNB pair is showing a recent trend of volatility and upward movement, with the core logic as follows:

1. Price Momentum: On March 27, it broke through $623.65 (up 1% intraday), and the technical analysis shows strong buying interest, with the MACD golden cross indicating a possible short-term surge to $700;

2. Value Support: The Binance ecosystem continues to expand (covering DeFi, NFT, RWA, and other scenarios), the deflationary model (quarterly burn mechanism has reduced the circulating supply to 145 million coins) and the BSC chain upgrade (trading speed increased to 100,000 TPS) enhance scarcity;

3. Risk Factors: Regulatory uncertainty (such as the US SEC lawsuit) and market competition (diversion of ecosystems like OKT) may trigger pullback pressure.

Currently, BNB has both ecological necessity and speculative attributes, it is recommended to pay attention to the support level of $650, and if it breaks through the resistance of $658, it will open up upward space.