🔥 $BNB corrects to ~$770 after reaching a new all-time high; attention to key support
Current price and clear technical structure
Current price: ~$776.70
Intraday range: $743 – $785
BNB has fallen approximately 4.3% from its recent high (~$808) and is consolidating in a key technical zone. The movement suggests a correction after bullish euphoria, while the support of $744–$753 is being tested.
Key factors
The price dropped from $808 to $764 before bouncing slightly, indicating profit-taking on high volume.
Despite the drop, Nano Labs continues to accumulate large amounts of BNB (~120,000 tokens, ~$90M), reflecting long-term institutional confidence.
Technical level of the day
Key support: $744–$753 (accumulation zone)
Immediate resistance: $785–$808 (ATH zone)
Critical zone: staying above support would allow a bounce towards $820–$850; a break could lead the price towards $720–$734.
Institutional outlook / macro view
Although BNB is experiencing a correction, institutional interest remains strong. Token burn and strategic acquisitions position BNB as an attractive deflationary asset within the Binance ecosystem, with potential to resume rally if BTC and ETH maintain favorable momentum.
Do you think $BNB will find support and bounce from $750 or could it drop further towards $720? Comment below 👇
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