Is it possible to go from 57,365,979,555 to 800 USD??

BNB is quite popular right now, and everyone is saying it will continue to rise. From some indicators, many people want to buy it, which makes it seem more likely to increase.

In the past day, BNB rose by 5.21%; it had previously dropped a bit, but now it has come back. Some analysts say that due to the positive market sentiment, BNB may reach new highs.

Currently, BNB's price trend resembles a "symmetrical triangle," meaning the price is moving back and forth between two lines. If this continues, BNB could rise to the previous high of 793.86 USD, or even approach 800 USD. However, it may encounter some resistance at 705.06 USD and pause for a moment.

In the past 24 hours, both BNB's price and trading volume have increased significantly, bringing it closer to breaking this pattern, with a market cap reaching 99.59 billion USD.

Moreover, many people are now buying long-term BNB contracts, more than short-term ones. The ratio of long-term to short-term contracts has exceeded 1, indicating that more people believe BNB will rise. This can also be seen from BNB's price increase and short sellers losing money.

There is also an indicator called "open interest," which has started to rise, meaning more new contracts have been opened in the market. Coupled with the increase in trading volume and price, all these suggest that everyone is very optimistic about BNB right now.

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