Crypto
BNB Price Hits $767, Analysts Eye Crucial Support Levels
The price of BNB has reached $767.33, and analysts are now focusing on key support levels and resistance points.
Specifically, a strong resistance point at $807 has emerged, while a crucial support level stands at $780.
In the short term, there is also a possibility of a triple bottom formation in the range of $782 to $785 per BNB.
Binance recently made headlines by investing $100 million in Circle and securing a five-year agreement for USDC (United States Dollar Coin).
Additionally, the BNB Chain has been working on an upgrade scheduled for August 25th, aiming to increase its network capacity with the Pasteur update.