$BNB
🧭 Directions & Support and Resistance
Elliott Wave analysis shows that BNB is moving within an ascending triangle near the $722 level; the main support is at $650–632, and if it breaks down, it could drop to $519 or even $458, whereas if it breaks upward, it is likely to target previous peaks near $800.
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🔥 Key Drivers in the Market
Institutional activity is increasing: Nano Labs' holdings have increased to nearly 120,000 BNB (≈$90 million).
BNB Chain's activity is rising with over 440 million transactions monthly; enhancing the plan to add privacy and increase gas limits has helped boost positive sentiment.
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