Here is an updated analysis of BNB at 716 $ based on the latest technical, fundamental, and data-driven indicators 🔍

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📊 1. Current Context

Current price: 716 $ (at the time of your question)

Recently, BNB surpassed the 720 $ mark due to updates from BNB Chain and recent token burns.

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🔍 2. Key Technical Indicators

Indicator Signal

RSI (14) ~73 – overbought zone, but strong momentum Bullish

Positive MACD, Bollinger Bands expanding Sustained momentum

Crucial resistance level: 699–700 $, now support Key

Next barrier at 735–750 $ (psychological zone and calculated extension) Potential

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🚀 3. Recent Catalysts

BNB Chain updates, increase in DEX capacity (+5 000 swaps/sec)

Massive token burns (~1 M BNB burned)

Caldera (ERA) airdrop for BNB holders between July 1 and 5

Trading competition dApps on Alpha, boosting demand for BNB

All enhance the utility and demand for the token.

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📈 4. Possible Scenarios

🟢 Bullish Scenario (most likely):

BNB stays above 700 $, solid support.

RSI >70 + momentum → breakout towards 735–750 $, then potential extension to **765–780 $**.

⚠️ Correction Scenario:

If BNB drops below support 700 $–699 $, possible pullback towards 675–690 $ (retracement zone).

More marked break below 675 $ → possible test of the **650 $** threshold.

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🎯 5. Conclusion

At 716 $, BNB is in a strong bullish technical momentum, supported by both indicators (RSI, MACD, Bollinger) and fundamental catalysts (burn, updates, token events).

➡️ As long as 700 $ holds, the route towards 735–750 $ is clearly achievable.