Stop the presses! Binance Coin is about to go so bullish, even your grandma’s antique teapot would envy its cup-and-handle game. BNB is serving up chart patterns like it’s brunch at a Brooklyn café, outshining its crypto squad rivals on every nerdy network metric you can imagine.
Let’s break it down: Binance Coin (BNB) just bungee-jumped up to $690, its highest since February 10. That’s almost a 40% gain from its moodiest point this year—a glow-up worthy of a “before and after” reality show montage.
Meanwhile, while BNB is busy living its best life, protocols on the BSC Chain exploded by 170% in the past week, hitting $16.7 billion. Ethereum was like, “same, bro,” but Arbitrum, Base, and Sui were left hustling at $6.65 billion, $8 billion, and $3.9 billion. (Good effort, guys. A+ for enthusiasm!)
Enter stage left: Nansen with receipts! Network activity went turbo, with active addresses hiking by 46% to 7.67 million, transactions doing a 62% leap to 51.9 million, and fees moonwalking by 46% to $4.5 million. If these numbers were your phone’s screen time alert, you’d have to uninstall Twitter. 📈
Solana’s transactions tiptoed up 4.6%. Tron, Near Protocol, and Aptos, meanwhile, basically whispered, “We’re here too,” with less than 10% gains. Bottom line: BNB Chain is the Usain Bolt of crypto right now, and the rest are still tying their shoelaces.
Not to be outdone, BNB stakers got busy. Investors have piled in, staking 126K extra BNB tokens (worth $83 million!) in just the past month. Total staked market cap? That’s more than $20 billion. Yes, with a “B.”
BNB price technical analysis
Looking at the weekly chart, BNB’s been playing a “how high can you stay” game inside an ascending channel for ages, easily chilling above the 100-week Exponential Moving Average. If this were The Bachelor, that technical level would have received the First Impression Rose weeks ago.
Regarding the cup-and-handle pattern? Oh, you bet. Everyone’s favorite continuation setup is front and center. The top of the cup is at $652, and the cup is so deep, even Starbucks is jealous—72% deep! Technical analysis says, “project that cup above its boundary,” and voilá: BNB could shock everyone by sprinting to $1,121. Bulls, start your engines.
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2025-05-13 20:48