Binance Coin Surges to Two-Month High on Strong Price Action

Binance Coin (BNB) has reached a two-month high of $600 after gaining around 10% from its lows at the start of July.

This surge comes as BNB broke well above the 50-day moving average, which had previously acted as support earlier in August.

The coin's momentum may not be difficult to sustain, with a potential target of $630 within reach. However, beyond this level, BNB may encounter resistance from local levels that include its 200-day moving average.