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Binance Coin BNB Breaks Bull Flag, Targets $750 Amid Maxwell Hardfork Buzz

  • Binance Coin (BNB) surged to over $650, breaking a bull flag pattern and targeting $750 fueled by positive EMA crossovers and the upcoming Maxwell hard fork.
  • The BNB price broke out of a falling channel pattern, with a peak near $680, and is now showing bullish signs supported by a golden crossover between the 50-day and 200-day EMAs.
  • The bullish outlook for BNB indicates a potential 16% breakout rally to reach the $750 milestone, with key technical indicators like EMAs and RSI signaling strong bullish momentum.
  • The Maxwell hard fork announcement, bringing upgrades like BEP-524 to reduce block time, has contributed to the optimistic trend in BNB, as reflected in rising Open Interest and short liquidations in the futures market.

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