BNB Price Reaches 53% Below Twelve-Month High
BNB (the Binance Coin) is currently trading at $611.93 USD on August 11, 2026, a significant drop of 53.2% from its twelve-month high of $1,307.76 reached on October 9, 2025.
The coin has shown some recovery since hitting its summer low without reaching the levels it did last autumn. The question at hand is whether buying BNB now makes sense and what needs to happen for this assessment to be proven wrong.
The price data was collected from CoinGecko, with daily closing prices over the past 365 days used to calculate moving averages and the relative strength index (RSI). The RSI currently stands at 66.7, indicating that the recent move has already utilized part of its short-term momentum.
Looking at the chart, BNB sits between its short-term and long-term average lines. Buyers can point to weeks spent above the 50-day line, while sellers can argue that the 200-day line still runs above the price and slopes downward.
The recovery is real but small relative to what came before it, with a market capitalization of about $81.5 billion and a circulating supply of roughly 133.2 million BNB.