BNB’s expected rise to 730 USD is dependent on several market factors, including liquidity inflows and investor confidence, as indicated by the increase in Total Value Locked (TVL) on the BNB Chain.
Recent bullish gains suggest BNB could experience an upward trend if key resistance levels are breached, with positive indicators such as a strong Relative Strength Index (RSI) and a MACD golden cross suggesting potential gains.
Despite bullish market sentiment, the derivatives market shows mixed indicators, with declines in Open Interest potentially signaling price resistance. Continued buying by traders on major exchanges could help maintain upward momentum.
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