Binance Coin Is Ready to Surpass $700 Resistance
Binance Coin (BNB) is up 0.4% this week to $695.20, moving in lockstep with Bitcoin (BTC), which is also gaining 0.4% to $119,063, fully recovering its earlier losses. With momentum building across the crypto market, BNB is emerging as a top contender for further upside.
A key catalyst is the announcement of a new partnership between BNB Chain and Ondo Finance to integrate tokenized real-world assets (RWAs). This move aims to bridge traditional finance and decentralised platforms, potentially drawing institutional capital onto the Binance ecosystem, a major positive for the token and the exchange.
Technically, BNB briefly touched the $700 resistance level on Monday before pulling back slightly. However, the retreat was shallow, suggesting underlying strength and setting the stage for a potential breakout. A clean move above $700 would open the door toward the $800 level, with bullish momentum accelerating alongside Bitcoin’s rally.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
