08.09.2025 05:08

Bolstered by renewed market optimism, BNB's price is exhibiting upward momentum, surpassing the $865 mark and hinting at a potential surge beyond the $900 threshold shortly, according to internet sources. Currently, BNB is trading above $870, also staying above the 100-hourly simple moving average, reinforcing the positive outlook.

After establishing a firm base above $840, BNB initiated a robust rally, outperforming both Ethereum and Bitcoin in terms of price appreciation. Having successfully breached the $875 resistance, the digital asset reached a high of $884 and is now consolidating its gains comfortably above the 23.6% Fibonacci retracement level. A critical bullish trend line, lending support at $874, is also evident on the hourly chart.

Should BNB struggle to overcome the $885 resistance, a downward correction could ensue. Initial support is anticipated around the $875 region, with further support at $865, coinciding with the 50% Fibonacci retracement level. A breach below the primary $855 support could trigger a steeper decline towards $872, potentially extending to $835 if bearish pressures intensify.

Technical indicators offer additional insights. The Hourly MACD indicates weakening momentum in the bullish zone, while the Hourly RSI remains above the 50 level. Key support levels lie at $875 and $865, with significant resistance levels identified at $885 and $900.