Crypto
BNB Price Eyes Major Breakout Zone as Rally Accelerates
BNB's price surge has been building momentum over the past week, gaining nearly 16% and pushing its market capitalization to approximately $93 billion.
The token broke out of the $600-$620 range that had restricted price action during the first half of August, with buyers pushing it through $650 on Aug. 20 before briefly climbing above $720 over the weekend.
Despite a pullback below $690, BNB returned above the psychological $700 mark on Aug. 24, forming higher lows on its 4-hour chart and indicating that buyers are defending dips below $700.