#BinaanceSquare
Over the past week, Binance Coin (BNB) has shown remarkable strength, surging over 9% and breaking past the $650 resistance level. This upward move has caught the attention of traders and analysts alike, as BNB inches closer to retesting its all-time highs.
The bullish momentum is largely driven by renewed investor confidence following Binance’s global push for regulatory compliance. With new licenses secured in multiple jurisdictions and the leadership shift under Richard Teng, sentiment around the Binance ecosystem is improving. Additionally, the upcoming BNB Chain upgrades are sparking renewed interest in BNB’s utility beyond trading – including staking, DeFi, and gas fee payments.
From a technical perspective, BNB has formed a strong bullish pattern on the daily chart, with volume confirming the breakout. If it sustains above $660, we could see a push toward $700 in the coming sessions. However, traders should watch for pullbacks, especially near previous resistance zones.
Whether you're a long-term holder or short-term speculator, BNB’s current trajectory offers an exciting opportunity. As always, manage your risk and keep an eye on macro market shifts that could affect crypto sentiment.
Is BNB gearing up for a bigger move, or is this just a relief rally?
