Binance Coin ($BNB ) just made a strong move, breaking above $720 with a 1.54% increase in the last 24 hours. This breakout comes amid growing momentum in the altcoin market and increased activity on the Binance ecosystem.
๐ข Why It Matters:
$BNB has been consolidating around the $690โ$710 range for days.
A clean breakout like this could signal a push toward $750 and beyond if volume sustains.
Binanceโs influence remains strong, with recent updates and BNB burn events adding bullish pressure.
๐ Market Sentiment:
Technical indicators show bullish divergence on the 4H chart.
Support zone: $705
Next resistance: $735โ$750
๐ง Pro Tip for Traders:
Watch for a pullback to $710โ$715 for potential entries. Manage risk โ the altcoin market is heating up fast!
BNB
893.54
+0.85%
