{"id":40080,"date":"2025-05-26T11:35:32","date_gmt":"2025-05-26T11:35:32","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/26\/top-5-reasons-binances-bnb-price-is-on-ripe-for-a-breakout\/"},"modified":"2025-05-26T11:35:32","modified_gmt":"2025-05-26T11:35:32","slug":"top-5-reasons-binances-bnb-price-is-on-ripe-for-a-breakout","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/26\/top-5-reasons-binances-bnb-price-is-on-ripe-for-a-breakout\/","title":{"rendered":"Top 5 reasons Binance\u2019s BNB price is on ripe for a breakout"},"content":{"rendered":"
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The BNB price has held steady in the past few days as investors waited for the upcoming Maxwell upgrade. Binance Coin rose to a high of $675 on Monday, and is hovering at its highest point since February 25. This article explains some of the top reasons why the BNB price is on the cusp of a bullish breakout.<\/p>\n

BNB price rises ahead Maxwell upgrade<\/h2>\n

The BNB price has done well this year as the developers continued building. They initially launched the Pascal upgrade<\/a> earlier this year, deepening its integration with Ethereum, the biggest chain in crypto. <\/p>\n

After that, the developers launched the Lorentz upgrade in April, increasing the block speed. It moved their average block speed from 3 seconds to 1.5 seconds. <\/p>\n

The next important upgrade will happen in June when it launches the Maxwell upgrade, which will increase its speed to 0.50 seconds. <\/p>\n

BNB aims to become a better option for developers than Solana and Ethereum. Therefore, the BNB price may keep rising as bulls wait for the upcoming Maxwell upgrade.<\/p>\n

BNB Smart Chain stablecoin supply is growing<\/h2>\n

The BNB price may keep rising as the supply of stablecoins in the network continues rising. Data shows that the stablecoin market cap has soared to $10.1 billion, the highest point since November 2022. <\/p>\n

Tether\u2019s suppy in the network jumped by 15% in the last 30 days to $6 billion. It is followed by World Liberty\u2019s USD1 stablecoin, which has over $2.1 billion in assets. The other top stablecoins in the BNB Chain are USD Coin (USDC), USDX, and Binance Peg BUSD. <\/p>\n

The rising stablecoin market cap is good as it signals that the network is becoming active since these coins are the currencies used in blockchains.<\/p>\n

BNB stablecoin market cap<\/figcaption><\/figure>\n

Soaring DEX volume<\/h2>\n

The BNB price will also likely rise as the DEX volume in the network rises. Data shows that the network has handled over $102 billion in volume this month, its highest level since November 2021. The volume was much higher than the $29.9 billion it processed last month. <\/p>\n

PancakeSwap is the biggest player in the BNB Chain as its volume jumped to over $92.33 billion in the last 30 days. It handled over $50.4 billion in the last 30 days and $9.9 billion in the last 24 hours. Its cumulative volume has jumped to over $1.6 trillion.<\/p>\n

Uniswap\u2019s network handled almost $5 billion in the last 30 days and $3.95 billion in the last seven days. <\/p>\n

BNB DEX volume by DeFi Llama<\/a><\/figcaption><\/figure>\n

Rising DeFi TVL<\/h2>\n

The other reason why the BNB price could rise is that the ecosystem is doing well. Data shows that the total value locked (TVL) in the network jumped<\/a> to $9.32 billion, the highest point since May 2022. This growth makes it one of the biggest chains in the crypto industry.<\/p>\n

The best-performing dApps in the BSC Chain are PancakeSwap, Venus, Lista DAO<\/a>, <\/strong>and KernelDAO. Lista DAO\u2019s assets jumped by over 50% in the last 30 days,<\/p>\n

BNB Price technical analysis<\/h2>\n
BNB price chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

Finally, the weekly chart shows that the Binance Coin price has remained in a tight range this year. This consolidation is happening by design as it is part of the handle section of the cup and handle pattern.<\/p>\n

The depth of the cup is about 75%, meaning that the next BNB price target is about $1,100. This target is calculated by measuring the same distance from the upper side of the cup. <\/p>\n

The caveat here is that it may take time for the bullish breakout to happen. For example, the handle section of this pattern has taken months to finish.<\/p>\n

The post Top 5 reasons Binance\u2019s BNB price is on ripe for a breakout<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The BNB price has held steady in the past few days as investors waited for the upcoming Maxwell upgrade. Binance Coin rose to a high of $675 on Monday, and is hovering at its highest point since February 25. This article explains some of the top reasons why the BNB price is on the cusp <\/p>\n","protected":false},"author":1,"featured_media":40081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-40080","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=40080"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/40080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/40081"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=40080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=40080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=40080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}