Binance Coin (BNB) Eyes $733 Breakout as Bullish Momentum Builds

Binance Coin (BNB) is gaining significant bullish momentum, with technical indicators suggesting a potential breakout toward the $733 level. Analysts are drawing comparisons to historic patterns, such as Gold's pre-breakout triangle formation, highlighting the growing buying pressure. As of July 13, 2025, BNB closed at $690.07 after peaking at $692 earlier in the day, signaling strong upward potential. The ascending triangle formation on the chart further reinforces the likelihood of a major rally, making BNB a cryptocurrency to watch closely in the coming days.

BNB Price Builds Momentum Toward $733 as Bulls Target Major Breakout Level

Binance Coin (BNB) is showing signs of a potential bullish breakout, with technical analysts drawing parallels to historic patterns like Gold's pre-breakout triangle formation. The token closed at $690.07 on July 13, after peaking at $692 earlier in the day, reflecting a gradual buildup in buying pressure.

An ascending triangle formation on the chart suggests momentum is building, with a possible rally toward $733 or even $1,000 if resistance levels are breached. Daily trading volume remained stable at $787.78 million, supporting the bullish short-term structure.

Market participants are closely watching for confirmation of this setup, which could position BNB for its next upward leg. The token's higher lows and higher highs within the 24-hour timeframe reinforce the optimistic technical outlook.

BNB Price Surge Nears $700 as Token Burn Boosts Momentum

BNB is reclaiming the spotlight in the crypto market, surging toward $700 amid a potent mix of bullish catalysts. The token gained 2.8% in 24 hours, climbing from $670.40 to $688.70, fueled by Binance's latest $1 billion token burn and growing institutional interest in BNB as a treasury asset.

The rally coincides with Bitcoin's record-breaking push past $118,000, but BNB's ascent stems from unique fundamentals. Binance's 32nd quarterly burn eliminated 1.59 million BNB—worth approximately $1 billion—from circulation, advancing its long-term deflationary roadmap toward a capped supply of 100 million tokens.

Blockchain data reveals 265,605 BNB have now been permanently removed. This calculated scarcity mechanism, combined with expanding utility, creates a textbook case for price appreciation. Market participants are taking note as BNB demonstrates resilience beyond broader market trends.

Altcoin Season Gains Momentum as PENGU, HBAR, and XLM Surge Over 25%

Crypto markets are witnessing a notable shift as altcoins take center stage, outpacing Bitcoin's steady gains. Pudgy Penguins (PENGU), Hedera (HBAR), and stellar (XLM) have surged over 25%, signaling potential early signs of an altcoin season.

PENGU leads the rally with an 85% weekly gain, fueled by NFT and Layer 2 ecosystem hype. The memecoin's trading volume surpassed $1.8 billion as price approached $0.03. HBAR and XLM followed closely with 25% and 24% gains respectively, while Bitcoin maintained its position above $120K with a 2.54% daily increase.

Binance data reveals ALGO joined PENGU and HBAR as top performers, with the exchange seeing heightened activity across altcoin markets. The surge comes as traders diversify portfolios beyond Bitcoin's dominance, though the flagship cryptocurrency continues setting new all-time highs.

CZ Foresees Bitcoin's $122k ATH as Just the Beginning

Former Binance CEO Changpeng 'CZ' Zhao has weighed in on Bitcoin's historic surge past $122,000, suggesting this milestone is merely a stepping stone. Drawing parallels to Bitcoin's $1,000 peak in 2017—now less than 1% of its current value—Zhao predicts future valuations will dwarf today's record.

Bitcoin's price action shows no signs of slowing, with a 3.5% 24-hour gain propelling it beyond $120,000 at unprecedented speed. Market observers cite institutional inflows and macroeconomic tailwinds as catalysts for the rally.