CZ’s comments on BNB Chain’s new layer 1 plans pushed the network’s social volume to weekly highs. The network deployed the new layer 1 in parallel with BSC, using a native bridge and without issuing a separate token. BNB reacted positively around $733, at the confluence of the 20-day exponential moving average and pennant support, while buyers dominated the spot market. Further gains will depend on the project’s implementation, sustained demand and continued technical support, as trading volume remains insufficient to confirm a sustained breakout.
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