BNB Golden Cross and Channel Breakout Put $900 in Sight, Analysts Say
BNB trades around $740-$755 as analysts identify a golden cross and channel breakout, with $730 support and $770 resistance in focus.
Why it matters
The story is a technical analysis outlook from a single outlet. Its significance is limited as it reflects analyst opinion rather than confirmed market developments or fundamental changes to BNB or Binance.
Key facts
BNB climbed from around $538 in recent months.
538 USDReported by Brave New Coin
BNB briefly reached $780.49 on September 5.
780.49 USDReported by Brave New Coin
BNB is trading around the $740-$755 area.
Reported by Brave New Coin
$730-$745 is identified as an important support region.
Reported by Brave New Coin
$770 remains a major resistance level for BNB.
770 USDReported by Brave New Coin
The 0.5 Fibonacci retracement is near $728.
728 USDReported by Brave New Coin
The 0.618 Fibonacci retracement is around $715.
715 USDReported by Brave New Coin
What happened
BNB climbed from around $538 in recent months and briefly reached $780.49 on September 5 before pulling back toward the mid-$700s. At the time of writing, Brave New Coin reports BNB is trading around the $740-$755 area, with $730-$745 identified as an important support region and $770 as a major resistance level. Analyst @Garreett_G describes the chart as "technically constructive," noting the 0.5 Fibonacci retracement near $728 and the 0.618 retracement around $715, both close to an ascending trendline. Another analyst, DrDovetail, points to a golden cross as strengthening the technical setup. BNB fell from $766.50 on September 6 to $739.90 on September 7 before recovering modestly on September 8.
How the story developed
- Update
BNB briefly reached $780.49
BNB hit an intraday high of $780.49 before pulling back.
- Update
BNB fell from $766.50 to $739.90
Price declined over two days before recovering modestly.
- First report
First report by Brave New Coin
BNB Price Prediction: Golden Cross and Channel Breakout Put $900 in Sight
- Update
Analysts highlight golden cross and channel breakout
Multiple technical analysts pointed to a golden cross formation and channel breakout as potentially bullish signals for BNB.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Brave New Coin Crypto media | BNB Price Prediction: Golden Cross and Channel Breakout Put $900 in Sight | Original |
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