BNB Price Surges Past $760 with Increased Volume and Corporate Backing
BNB's price increased nearly 2% in the last 24 hours, surpassing $760. Key points include:
- Volume surged by almost 50% above daily averages.
- A two-phase accumulation pattern was observed: consolidation followed by a breakout.
- Binance launched a web version of its Binance Wallet for streamlined trading.
- Bitcoin options writing is now available to all users on Binance, with discounts on fees.
- U.S.-listed companies are increasing investments in BNB, including:
- CEA Industries plans to raise up to $1.2 billion.
- Liminatus Pharma aims for a $500 million BNB investment arm.
- Windtree Therapeutics targets $700 million in BNB acquisitions.
- Nano Labs has purchased 128,000 BNB for its crypto treasury initiative.
Technical Analysis Overview
- Price action indicates a managed rally with significant volume concentrations.
- Breakout through resistance at $759 and $761 occurred with minimal slippage.
- Support established around $745.81 during earlier consolidation.
- Price rose steadily, breaking technical ceilings and maintaining gains.