BNB Eyes Further Gains as Bulls Reassert Control

Binance Coin (BNB) has been on a steady upward push since late July, with its price rallying to $780 last week. This break above the May high at $745 was significant, as it signaled a longer-term structure shift in the altcoin's trend.

Although BNB did experience some short liquidations on its way to $780, the retracement since then has given the bulls some breathing room. The next magnetic zones for BNB are at $700 and $670, but a reading of the price charts suggests that the token could be flashing a buy signal.

The CMF was back above +0.05, the OBV has begun to climb higher in the past two months, and the RSI is above neutral 50, all of which indicate a bullish trend for BNB in the long term.