BNB Is Rushing above $700
Binance Coin (BNB) is up 5.5% to $656.0 this week, trailing behind Bitcoin (BTC), which surged by 12.5% to a record $90,003. However, BNB may hold further upside potential. The coin recently broke out of its previous range of $500-600, gaining a modest 8.6% since then. In a similar move, Bitcoin saw a 35% increase after leaving its flat range in mid-October.
This breakout could propel BNB toward the next resistance at $700, with further gains likely. If BNB were to match Bitcoin’s 35.0% rise from its $600 support, the target would reach around $800, a level that would represent a new all-time high for BNB.
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