$BNB remains above $800 after strong institutional accumulation and bullish technical structures
Current price and clear technical structure
Current price: BNB trades near $808–$810, with an intraday range between $793–$826.
Despite a slight correction, it remains within a rising wedge pattern, suggesting a possible upward reversal if it holds key support levels (~$797).
Key factors
BNB has amassed a +17% rise in July, driven by institutional adoption and key partnerships (such as with BBVA).
Trading volume increased by more than 31%, with over $2.7B traded in 24 hours, reflecting high activity in the token.
The formation of a descending wedge confirms exhaustion of selling pressure and suggests a robust technical rebound.
Technical level of the day
Key support: $796–$800 (lower limit of the wedge)
Immediate resistance: $826–$830 (intraday high)
Critical zone: staying above $800 expands the possible range towards $850.
Institutional outlook / macro view
With strategic partnerships like that of BBVA, token burning, and growing DeFi adoption, BNB positions itself as a solid asset for institutional portfolios. The current technical pattern reinforces the narrative of a technical correction within a broader bullish momentum.
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