Binance Coin (BNB) Nears All-Time High as Network Upgrades Fuel Bullish Momentum
Binance Coin (BNB) is showing strong bullish momentum, currently trading near $661 with a market capitalization exceeding $93 billion. The cryptocurrency is approaching its all-time high of $793.35, set in December 2024, fueled by recent network upgrades and positive technical indicators. The Maxwell hard fork has significantly enhanced the Binance Chain's performance, reducing block times to just 0.75 seconds and adding $8 billion to its market cap. Analysts are optimistic about BNB's potential to reach $1,000, with resistance levels at $707 and strong support near $590. This upgrade, combined with oversold rebound signals, positions BNB for a potential breakout in the coming weeks.
BNB Eyes $1,000 as Binance Chain Upgrades Fuel Optimism
Binance Coin (BNB) is trading NEAR $661, with a market capitalization exceeding $93 billion, as it approaches its all-time high of $793.35 set in December 2024. The recent Maxwell hard fork has enhanced the network's speed, reducing block times to 0.75 seconds and adding $8 billion to Binance Chain's market cap.
Technical indicators suggest a potential rebound from oversold conditions, with resistance at $707 and support near $590. Analysts project an average July price of $660, positioning the month as a critical juncture for BNB's year-end trajectory.
By late 2025, BNB could breach four-digit territory, fueled by Binance's expanding ecosystem—spanning staking, NFTs, and new blockchain initiatives. The altcoin renaissance may serve as the catalyst for this breakout.
Binance Coin Price Prediction: Forecasts Breakout Toward $750 if Trend Continues
Binance Coin (BNB) shows bullish momentum as it stabilizes above $660, with technical indicators and derivatives activity signaling potential for further gains. Analysts eye a breakout toward $750 if the current trend holds.
The 1-hour BNB/USDT chart reveals a decisive MOVE past $648, peaking at $664 before settling at $661.57. This higher base formation suggests sustained buyer interest, marking a shift from July's earlier sideways trading.
Open interest in BNB derivatives more than doubled to 6.14 million, coinciding with the July 6 breakout. Such parallel growth in open interest and price typically indicates strong long positioning—though traders remain wary of over-leveraged conditions.
Key resistance looms near $668. A clean breach could accelerate momentum toward $700, while failure may trigger consolidation. Market participants watch for confirmation of either scenario.
Ethereum Faces Selling Pressure as Binance Inflows Surge to 14-Month High
Ethereum's price teeters near $2,500 amid mounting sell signals, with Binance recording its largest ETH inflows since May 2023. The 4.9 million ETH deposit suggests whales are positioning for liquidation, historically a precursor to downward momentum.
On-chain metrics flash warning signs as the Spent Output Profit Ratio (SOPR) hovers at 1.05, indicating widespread profit-taking. The $2,440-$2,520 range now serves as a critical battleground - failure to reclaim $2,600 resistance could accelerate declines.
Exchange reserves have become the market's pulse check. The current accumulation on trading platforms mirrors patterns preceding previous corrections, with the lack of sharp price reaction potentially lulling traders into false complacency.
TON Foundation Clarifies Unofficial Status of UAE Golden Visa Initiative
The TON Foundation has distanced itself from claims of UAE government endorsement for its Golden Visa program, calling it an independent blockchain initiative. Regulatory authorities in the Emirates explicitly denied involvement with any cryptocurrency-linked visa schemes.
Market reaction was immediate, with TON tokens shedding over 10% of their value following the controversy. The foundation emphasized its program operates through licensed partners specializing in tokenized assets, not through official immigration channels.
The clarification comes after widespread speculation about a purported offer granting 10-year residency for staking $100,000 in TON tokens. Industry figures including Binance's Changpeng Zhao questioned the initiative's legitimacy due to absent formal documentation.
Can Ethereum Price Hit $4k Amid This Strong Support & Whale Accumulation?
Ethereum's price trajectory is drawing significant attention as institutional and whale activity signals strong accumulation. A notable whale withdrew $17.5 million worth of ETH from Binance over three weeks, with funds partially redirected to ethereum 2.0 staking contracts. This aligns with a Wyckoff pattern observed in ETH's price action, suggesting a potential rally toward $2.8K–$3.5K.
The cryptocurrency has rebounded from a long-term accumulation range near $2,350, with technical charts now projecting a $4,000 target. Analysts highlight the $2.9K resistance level as a critical threshold for confirming upward momentum. Exchange outflows and staking deployments underscore growing confidence among high-net-worth holders.
