Binance Coin is trading at around $784, close to its all-time high of $809, with active growth in weekly volumes (+7%+) and positive technical signals:
๐ Market signals:
Breaking through $809 on high volume could open the way to $1,000+, with levels up to $1,200 being discussed
If the price fails to hold support at $743 or falls below the 50-day SMA (~$679-694), a pullback correction is possible
Key growth drivers:
Large-scale institutional purchases (Windtree, Nano Labs)
Leading DEX trading volumes in the BNB Chain ecosystem ($369B per month)
Auto-Burn, reducing supply, plus demand for the token within the BNB Chain and Binance ecosystem
Increased regulatory attention, which could increase both volatility and potential support in the long term
Support $743 (July 24 low), 50-day EMA/SMA (~$679โ694)
Resistance $809 (all-time high), followed by $920โ926 and the psychological zone of $1,000+
Where are you? Are you holding BNB as an โanchorโ in your portfolio, keeping it for discounts within the Binance ecosystem, or waiting for a breakout of $809 to enter? Share your strategy โฌ๏ธ
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