BNB Surges to New High: Is Nexchain’s Presale the Key Driver?

BNB has climbed significantly, reaching $855 after a 5.5% surge in just 24 hours. This rise puts it on track for potentially hitting $1,225, which would propel its market capitalization close to $150 billion. Spot market demand is fueling this rally, while limited token inflows to exchanges are mitigating selling pressure. Key support sits at $802 with resistance noted at $919. Breaking the $919 level could open doors for even greater gains. Intermediate targets lie at $1,036 before reaching the projected $1,225 mark. The Relative Strength Index (RSI) remains at 64, indicating room for further upside without entering overbought conditions.