BNB has achieved a new all-time high of $775, indicating a crucial technical breakout for the cryptocurrency. The surge was complemented by a significant rise in trading volume, up by 125.30% to reach $4.42 billion.
Open Interest also saw a considerable increase of 33.78%, hitting $1.46 billion, highlighting growing market interest.
Technical indicators are strongly suggesting bullish momentum, as the Relative Strength Index (RSI) stands at 78.
Additionally, the golden cross formation between the 50-day and 200-day Simple Moving Averages confirms the ongoing uptrend.
![Binance Coin [BNB] surges: 2 key reasons why](https://loutre.blockchair.io/w4/storage/news/2d065a81e30cf52ab74493b9ec97beaa.png){kind=small}
