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Binance Coin (BNB) Eyes Breakout and Primed for Rally Toward $800
- Binance Coin (BNB) is experiencing a positive trajectory with a surge in price, bouncing from the $650 support area.
- Technical indicators like MACD and RSI signal bullish momentum, with upcoming targets at $700, $750, and $800.
- Market sentiment around BNB is strengthening, supported by Bitcoin's upward movement and increased trading volume.
- BNB price is currently at $654.61 with a 24-hour trading volume of $1.71B and a market capitalization of $92.23B.
- BNB has been on an upward trend since surpassing the 200-day moving average at $645, indicating bullish momentum on higher timeframes.
- Traders are focusing on the $650 support level as a potential entry point, with resistance levels at $700, $750, and $800.
- The medium and long-term outlook for BNB remains positive, with short-term signals suggesting a brief sideways pause.
- Traders are monitoring the $645 to $650 range for a potential entry spot, setting profit targets at $700 and $800.
- If BNB clears $700 decisively, new buyers could drive further upside, making BNB one of the most watched altcoins in the coming weeks.
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