$BNB Today Binance Coin (BNB) is trading at around $705–707, marking moderate growth and surpassing the psychological mark of $700 — for the first time in months.
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📈 Current Trends
• Technical analysis indicates sideways movement with a slight correction: RSI remains in the optimal zone, and local peaks at $693–697 are breaking resistance.
• According to TradingView, with sustained holding above $693, a breakout to targets of $720–740 is possible.
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📰 What Influences
• Institutional interest is growing: BNB Chain is attracting corporations through new initiatives like BNB Treasury Company, which enhances trust in the token.
• The overall crypto market is strengthening: market capitalization is approaching $3.7 trillion, despite the mixed dynamics of BTC and ETH.
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🔮 Forecasts
• Short-term: technical analysis suggests a possible breakout above $700, with targets of $720–740. Attention should be paid to key support levels ($686–693).
• Medium-term: analysts expect consolidation. According to Changelly, the average price of BNB at the end of July will be approximately $643, with possible ranges of $610–676. This reflects the correction potential after the recent growth.