Binance Coin (BNB) is showing impressive bullish momentum, trading at $857.39, up 2.72% on the day. The intraday high reached $862.77, while the low was $832.36. Technical indicators suggest a strong support level around $850, with resistance at $869. Analysts predict BNB could target $950 by September 2025 if the current momentum continues.

Recent developments bolster this outlook:

ETF Optimism: Speculation around the approval of a Solana spot ETF has increased, with the odds rising to 76% following the appointment of pro-crypto SEC Chair Paul Atkins.

Short Squeeze: A wave of short liquidations, totaling $9.3 million in SOL, has contributed to the upward price movement.

Network Upgrades: Solana is implementing enhancements like the Alpenglow upgrade, aiming to reduce block finality from 12.8 seconds to 150 milliseconds, improving transaction speed.

With these developments, Solana is positioning itself as a strong contender in the crypto space.