BNB Price Hinges on 800-807 Breakout Amid Upcoming Quarterly Burn

BNB's price has reached $788 after gaining around 11% in September. The upcoming 37th quarterly token burn is a key event for October, as it could impact BNB's supply and demand.

The monthly RSI has recovered above 50, indicating moderately positive momentum. However, the MACD remains bearish but shows weakening downside momentum.

BNB's price needs to break through the $800-$807 resistance area to establish a clear direction for October. If it succeeds, the next targets would be around $820 and $850.