Binance Coin (BNB) is showing strong bullish signals, gaining 5% this week as major players announce plans to accumulate over $1 billion in BNB reserves. With technical patterns mirroring its 2024 bull run, could a new all-time high be coming?

Institutional Interest Heats Up

• Nano Labs plans $1B BNB treasury (Nasdaq-listed firm)
• Hedge funds preparing $100M BNB reserve (Coral Capital)
• Weighted sentiment spiked June 23-24 (Santiment data)

Technical Setup Mirrors 2024 Bull Run

✅ Golden cross confirmed (50-day SMA > 200-day SMA)
✅ 200-day SMA reclaimed as support
✅ RSI turning upward (similar to Nov 2024 pre-rally)
✅ Key resistance: $655 (50-day SMA) – Break could trigger move to $800

Historical Precedent: Why This Matters

• Oct 2024: Golden cross led to fakeout drop before +30% rally to $793 ATH
• Current pattern shows similar structure
• Institutional demand adds fuel to technical setup

What’s Next for BNB?

• Bull case: Break above $655 could target $700-$800
• Risk: Failure to hold 200-day SMA may delay rally
• Catalyst: More reserve announcements could boost momentum