BNB Price Surges on Cup-and-Handle Breakout, Targets $820

BNB has made a significant move in the cryptocurrency market, breaking above the $700 neckline and reclaiming the 200-day EMA. This development has triggered a cup-and-handle breakout, a technical pattern that suggests a strong upward trend.

The token's market value is near $99 billion, making it one of the top four crypto assets by market capitalization. The move has been driven by a combination of factors, including the token's reclaiming of the 200-day EMA and a fresh MACD bull cross.

Analysts are now expecting BNB to target $820 as its next major resistance zone. This area is approximately 19% above the breakout zone and represents a significant technical barrier for the token.