BNB price is trading between $846–$855, up about 2% in the last day, with market cap sitting near $118B and daily volume at $2.6B. Liquidity remains deep across Binance Exchange and major spot exchanges, giving traders confidence that price swings are being absorbed smoothly.
The key level on everyone’s radar is $850. Buyers have defended it repeatedly this week, turning it into the line that keeps the uptrend alive. So far, each dip has found support as traders rotate back into Binance Coin.
Network Growth Driving Demand
Behind the charts, activity on BNB Chain is heating up. On August 15, opBNB hit a 30-day high of 3.08M transactions in a single day, showing the chain’s L2 can scale under heavy load.
Across the broader network, BNB Chain is processing around 150 transactions per second, with more than 380M transactions over the last month and over 4M daily active users. These numbers explain why the BNB price is holding firm even as the broader market cools.
This week also brought two major demand drivers. First, Binance launched the Plume (PLUME) token via its HODLer Airdrops program, distributing 150M tokens (1.5% of supply) to users who staked BNB in Simple Earn.
That requirement creates instant staking demand. Similar airdrops in the past triggered big BNB buy-ins during claim windows, and traders are watching to see if the effect sticks after PLUME starts trading.
Second, institutional interest is stepping in. Nasdaq-listed BNC recently disclosed a purchase of 200,000 BNB (about $160M) and signaled plans to scale its holdings toward 325,000 BNB. It’s a move reminiscent of MicroStrategy’s Bitcoin play, creating structural demand.
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On the DeFi side, BSC’s total value locked sits near $8.9B, while stablecoin supply on the chain has climbed to $11.3B, a sign of steady capital inflows. Data shows the DEX turnover is also near $2 billion per day.
BNB Price Eye $862–$900 If Bulls Hold the Line
Technicals back up the bullish tone. Moving averages on multiple timeframes are stacked upward, with the 30, 50, and 100-day EMAs all rising. The trading dashboard on TradingView shows a “Buy” bias overall, while oscillators remain mostly neutral, giving room for further upside without being overbought.
BNB price chart | CryptoQuant
BNB price is consolidating tightly above $850. One widely shared trade setup puts entries around $852–$856 with upside targets at $862 and $866.
A clean break could quickly push the token to $880–$900, where heavy resistance has capped rallies before. On the weekly chart, BNB has been rising in an ascending channel, with strong support in the $740–$760 zone. As long as this holds, momentum favors new highs.
The bearish trigger is equally clear. A sustained drop below $848 could shift sentiment and lead to a decline into the $830s or lower. Traders caution that if open interest rises without price movement, it could trigger a squeeze on longs.
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