The three main catalysts that could feed the next BNB price rally


The price of the Binance currency is once again in the four -digit territory. With the impulse of construction, several strong catalysts could lead the next Rally for the currency.

Summary

  • The BNB price could be raised to new heights according to three factors: lower gas rates, institutional accumulation and bullish technical indicators.
  • The validators of the BNB chain have proposed a reduction in the 50% gas rate and faster blocking times, the measures that are expected to increase the network activity.
  • Companies such as B Strategy, Nano Labs and CEA Industries are accumulating BNB, with a growing signaling of ETF interest that indicate a broader adoption.
  • BNB has increased more than 15% in 30 days. Although RSI and MacD remain optimistic, a break above $ 1,026 could open the door to $ 1,050– $ 1,080.

The price of the Binance currency is quoted above the $ 1,000 brand once again, showing a renewed fortress after diving to $ 975 earlier this week. The recovery reflects the growing confidence of investors and a resurgence in the purchase pressure. Looking to the future, three main catalysts could conduct the next BNB rally.

Gas rate reduction proposal of 50%

BNB (BNB) Recently chain community proposed An important network update: reduce minimum gas rates by 50% of 0.1 GWEI to 0.05 GWEI and reduce block intervals of 750 ms to 450 ms. These changes would make the Binance smart chain faster and more cheap, attracting more merchants, developers and protocols.

With rates that potentially decrease by 90% to only $ 0.001 per transaction in the future, BSC could become one of the most profitable networks in cryptography. Historically, the lowest rates have taken peaks in the user activity and the volume of transactions, which, in turn, could increase the demand for BNB and, subsequently, its price.

Increased impulse of BNB institutional fuel prices

Institutional adoption is playing a growing role in the trajectory of the BNB market. The main players like B strategy, CEA industriesand Nano Labs Recently, substantial properties of BNB have revealed. His long -term positions suggest confidence in the future of the asset, beyond retail speculation.

In addition, the demand of an ETF based on BNB is heating. Rex-Osprey filed To launch the first BNB ETF last month, and if approved, you could open the door to broader institutional tickets, adding sustained upward pressure on the price of BNB.

BNB technical perspective

Crypto.news BNB price chart with technical indicators.
BNB price graph | crypto.news

According to Crypto.news market data, BNB is trade At $ 1,012 at the time of publication, with weekly and monthly profits of 5.8% and 15.4% respectively. The technical indicators remain positive, with their relative force index (RSI) at 65.77, still below the overcompra levels, while the MACD shows a bullish trend.

If the Bulls manage to break the resistance of $ 1,026, BNB Price could point to $ 1,050– $ 1,080. However, keeping above $ 1,000 is still crucial to avoid falling towards $ 991 or even $ 944. For now, the structure is inclined to bullish, pending confirmation in the next sessions.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *