BNB Price Stalls at $800 as October Token Burn Looms

The price of BNB has entered October at around $788, up 11% from September's opening price of $691.

This growth has been driven by a recovery that started in August, with September's price increase of 11% building on August's 18% advance.

The 37th quarterly token burn is set to take place in October, which could provide a catalyst for further price growth.

For the price to break out above the September high of $806.68, it needs to establish support above the $800 level, which it has already traded through briefly.