#BNB price prediction
BNB $866.48 has made a V-shaped recovery from $730 on Aug. 3, indicating aggressive buying at lower levels.
The BNB/USDT pair rallied close to the $861 overhead resistance, where the bears are posing a strong challenge. If the price turns down from $861, but rebounds off the 20-day SMA ($794), it suggests that dips are being purchased. That enhances the prospects of a break above $861. The BNB price may then ascend to $900 and later to $1,000.
The first sign of weakness will be a break and close below the 20-day SMA. That suggests profit booking at higher levels. The BNB price could then collapse to the solid support at $732.