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Kazakhstan Picks BNB for New State Crypto Fund as Token Tests $1,130 Resistance

Analysts say the state-backed allocation has energized buying ahead of a decisive technical test.

Overview

  • Kazakhstan launched the Alem Crypto Fund and disclosed BNB as its first investment, with Binance Kazakhstan as a strategic partner.
  • The fund is managed by Qazaqstan Venture Group within the Astana International Finance Centre and will use Binance Custody for storage and advisory.
  • BNB is holding near the $1,000 mark on rising volume, with recent data showing a roughly $143 billion market cap and strong liquidity.
  • Technical analysts flag the ~$1,130 zone as key resistance, with projections for $1,200–$1,300 on a clean breakout and risks of a pullback toward $900–$930 if rejected.
  • Coinglass ratios read neutral-to-bullish and Binance trading activity rose about 35% in 24 hours, as coverage links renewed demand to Kazakhstan’s announcement and broader policy moves.