BNB Price Hinges on Breakout Above $800-$807
The price of BNB has been steadily increasing over the past two months, with a gain of roughly 11% in September. The token is currently trading around $788 on CoinGecko, up approximately 2.5% over the past 24 hours and 1.2% over the past seven days.
The 37th quarterly burn is set to occur soon, which could provide another catalyst for price growth. However, the market remains uncertain, with mixed monthly indicators on the RSI and MACD charts. The current resistance level around $800-$807 will be crucial in determining whether BNB can continue its upward trend.
Historical data suggests that if BNB breaks above $800, it could reach prices as high as $820 or even $850. Conversely, a fall below the mid-$700 region could lead to selling towards earlier September support levels.