🔥 $BNB falls to $837 after weekly rally, but the momentum is still alive
Current price & technical structure
Current price: ~$837
Intraday range: between $827 and $866
After the intraday high, BNB corrects slightly, but still maintains strength within the bullish channel that has been in place since $750.
Key factors
The price fell ~1% in 24 hours but has accumulated +7% over the week.
The volume remains robust, with over $4.6 B in daily transactions, a sign of sustained interest.
BNB maintains its #5 in capitalization, with an estimated market cap of $117 B.
Technical level of the day
Key support: $830–$835
Immediate resistance: $860–$867 (intraday high and new ATH)
Critical zone: closing above $840 could drive extension towards $860+, while losing $830 could trigger a correction towards $800–$820.
Institutional outlook / macro vision
The current correction seems more technical than fundamental. BNB remains attractive due to its utility within the BNB Chain ecosystem (transactions, staking, Launchpad) and its history of “token burning” contributes to structural scarcity. The market shows that it remains relevant for altcoin portfolios, especially with the momentum of altseason.
Will you re-enter at $BNB now that it trades at ~$837, or do you prefer to wait for a confirmed bounce above $850? Comment below 👇
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