August 10, 2025 — Binance Square News
BNB, the native cryptocurrency of Binance, has reached an impressive milestone, surging to $800 in today’s trading session. This marks a significant breakout from recent consolidation levels and underscores strong bullish momentum across the market.
The rally has been driven by rising on-chain activity, increasing DeFi adoption on Binance Smart Chain (BSC), and renewed investor confidence in Binance’s ecosystem. Analysts note that the $780–$800 zone had been a major resistance area, and today’s decisive breakout could open the path toward $850 in the short
Key Factors Behind the Rally
Whale Accumulation: Large BNB holders have been adding to their positions over the past two weeks.
Ecosystem Growth: New DeFi, NFT, and GameFi projects are attracting more users to BSC.
Market Sentiment: Broader crypto market recovery and Bitcoin’s stability above key levels are fueling altcoin rallies.
Technical Outlook
BNB is now trading above all major moving averages, signaling sustained bullish strength. If momentum continues, the next upside targets are $820 and $850. On the downside, support levels are seen at $780 and $760.
Bottom Line:
BNB’s push to $800 has energized the market, positioning it as one of the best-performing large-cap cryptos this week. While the trend remains bullish, traders are advised to watch for possible profit-taking near resistance zones.
⚠️ Disclaimer: This is market news, not financial advice. Always DYOR before investing #BinanceHODLerPROVE #ETH4500Next?