Brothers and friends, today Chen Ge will talk to everyone about the latest trends of BNB.

The current price of BNB is around $856. After a pullback to support today, it is still maintaining an upward trend, looking quite stable. Key levels to watch: $840 is a small watershed for bulls and bears during the day; holding this level feels more reassuring. Resistance is at the previous high of $862; if it can break through, there is hope for a move towards the $870-880 range.

From a technical perspective, the hourly chart has formed a contracting triangle; $804 is a strong short-term support level, while $815 (the 61.8% Fibonacci retracement level) is considered a confirmation point for a breakout. Stabilizing above this level will provide a clearer direction.

In terms of momentum, the signals are also leaning towards the positive: the hourly MACD shows bullish acceleration, and the RSI is above 50, indicating more active buying in the short term. On-chain data shows that there is a dense accumulation of buy orders in the $748-759 range, with not much selling pressure, making the mindset more stable.

Market drivers are quite strong: the expectation for the Federal Reserve to cut interest rates in September is very strong, Bitcoin has broken through the new high of $124,500, and it is reasonable for BNB to rise alongside it. The TVL of BNB Chain increased by $800 million in July, surpassing $7 billion, indicating increased ecosystem activity, and naturally, the demand for tokens has increased; additionally, CEA Industries announced a $1.2 billion holding plan, which also boosted market confidence.

Chen Ge's trading advice is: if there is a pullback to around $850-845, consider going long, initially targeting $862, and if that breaks, then look towards $874. Of course, protective measures must be in place; prudent operations will provide more peace of mind.~#bnb