Binance Coin has smashed through its previous records, reaching a new all-time high of $773 with an impressive 15% surge in a single day. This rally has propelled BNB's market cap to $110 billion, putting it close to overtaking $SOL ๐ช
BNB's performance is backed by strong technical indicators. The RSI is at 76, indicating bullish momentum, while SMA and EMA trends show steady growth. The recent golden cross formation signals sustained upward movement, and tightening Bollinger Bands suggest reduced volatility with potential for further gains.
Fueling this rally is increased trading activity and Binance Labs' recent investment in Kernel, which enhances BNB Chain infrastructure. Investors are now eyeing $800 as the next major milestone, though short-term corrections to the $721 support level are possible.
