🚀 $BNB is shooting beyond $700: heading towards $1,000? 🚀
Today BNB broke the resistance at $699–700, driven by institutional adoption, million-dollar token burn, and the momentum from the Maxwell hard fork. The recent burn of 1 billion USD in tokens and the creation of the BNB Treasury Company have renewed the appetite of major players.
📈 Technicals in green: staying above key moving averages, with RSI in neutral-bullish territory and MACD confirming momentum.
🔭 Outlook:
Bullish Scenario: a clear breakout > $700 could pave the way to $733 and potentially $800–$1,000 in the coming months.
Cautious Scenario: if there is rejection at $700–710, we could see pullbacks to $640–$660.
🧠 My opinion: With aggressive burn, institutional backing, and technological improvements—the bullish sentiment is evident. But beware: the support level at $640–670 will be key to consolidating the next rally. 👍