BNB Approaches New All-Time Highs with $700 Million Inflows
BNB Nears All-Time Highs Following Windtree's $700M Inflows
BNB is approaching a new all-time high after Windtree Therapeutics announced significant treasury moves. Key points include:
- Windtree plans a $500 million equity line of credit and a $20 million stock agreement to acquire BNB.
- 99% of the proceeds from this initiative will be directed towards BNB accumulation.
- Windtree’s CEO stated the aim is to enhance the company's digital asset position.
- BNB retraced from a previous high of $809 to lows around $742 but rose to $798 following the announcement, marking a 7% increase over three days.
- Traders are monitoring if prices can maintain support above last week's high of $818.
BNB Price Forecast
Technical analysis indicates strong upward momentum for BNB:
- Bollinger Bands show an upward slope, indicating increasing volatility driven by buying pressure.
- The immediate bullish target is $818; a breakout could push prices toward $850.
- MACD confirms bullish sentiment with the blue line above the signal line.
- If BNB closes below $810, profit-taking may resume, potentially leading to a correction below $730.
Solaxy Presale Gains Momentum
Capital inflows from firms like Windtree are benefiting newly launched projects such as Solaxy:
- Solaxy is Solana’s first layer-2 project, currently in a presale phase offering multi-chain DeFi access.
- The ongoing $SLXY token presale targets early buyers during the altcoin season as BNB approaches record highs.