- BNB price remains above $780 support after breakout retest, forming higher lows and sustaining a bullish channel toward the $870 target.
- RSI rebounds from mid-range at 62.7, while fading MACD red momentum hints at a possible bullish crossover in the near term.
- BNB Chain logs over 4.2M daily users, 107M transactions, and $11.5B TVL in one week, reflecting strong ecosystem engagement.
BNB maintains bullish momentum by being above significant levels of support, thus enhancing the chances of surging further to the $870 range.
Price Stability After Key Retest
BNB has rebounded from a retest of its breakout zone, finding solid footing above $780. This level has become the line in the sand for maintaining upward momentum. Historical patterns show that similar setups after triangle and wedge breakouts often precede sizable gains.
After pulling back from its recent high near $845, the price has regained strength, pushing above $800 with a clean series of higher lows over the past week. This formation signals that bulls are regaining control after a healthy consolidation.
As of writing, BNB changes hands at $808.65, up 2.86% in 24 hours and 5.56% over the past week. The upward channel remains valid as long as $760–780 support holds.
Indicators Suggest Room for Upside
The RSI sits at 62.7, rebounding from mid-range after cooling from overbought territory. Similar RSI recoveries mid-trend have historically preceded further rallies in BNB.
Although the MACD recently formed a bearish cross, the histogram shows decreasing red bars. This suggests selling momentum is fading, and a bullish crossover could develop if buying pressure persists above $800.
If the $845–850 resistance breaks, price discovery toward $870 and beyond becomes a strong possibility, with $870 being the immediate target on traders’ radar.
BNB Chain’s Network Metrics Remain Strong
Between July 31 and August 6, BNB Chain recorded more than 4.2 million average daily active users. The network processed over 107 million transactions during the same week.
Total value locked in the chain was more than 11.5 billion coins, indicating strong activity in decentralized finance and usage of applications.
With technical levels holding and network fundamentals steady, BNB remains positioned for a potential breakout—provided bulls keep price action above its critical support zone.
