🔥 $BNB correction -3.2% to $740 while institutional capital remains firm
📊 Current price and clear technical structure
BNB is trading at $739.91, with an intraday range between $731.43 and $769.38. After reaching a peak close to $860 last week, it is currently correcting nearly 3% in search of firm support at the $740–$750 levels. The token remains within a medium-term bullish structure.
⚙️ Key factors
Possible profit-taking after the rally towards ATH (~$860), but still without strong institutional sell signals. The decline appears technical, not structural.
Potential purchases by companies like CEA Industries, which aims to raise $1.25B to buy BNB, keep expectations high.
Minimum liquidity support at $777 Fibonacci zone 38.2%, while the $808–$834 zone acts as technical-liquid resistance.
🔧 Technical level of the day
📌 Support: $740–$750 (recent highs and channel base)
📌 Resistance: $808–$834 (liquidations zone and previous ATH)
🎯 Critical zone: staying above $740 confirms stability to attempt new pushes towards $800–$850
🌐 Institutional outlook / macro vision
Although the price is losing some strength in the short term, the narrative remains intact: institutional demand, token burns, and the growth of the Binance chain as a defi ecosystem are driving a BNB increasingly aligned with corporate treasuries. The current correction can be seen as healthy after a July rally of more than 20%.
Do you think BNB will bounce back from $740 or will you seek entry if it corrects further towards $700? Let us know 👇
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