Binance Coin is testing the $860 level, with traders split on whether the BNB price is gearing up for a bullish continuation or a sharp retracement.
On September 2, BNB closed at $851 after swinging between $839 and $869, marking a steady hold above its key exponential moving averages (EMAs).
With price consolidation tightening into a symmetrical triangle on the 4-hour chart, the market is bracing for a decisive move.
Institutional Treasuries Tighten BNB Supply
Beyond the charts, institutional flows are building a strong floor under BNB. CEA Industries (BNC) recently expanded its BNB treasury, purchasing an additional 38,888 BNB (worth $33 million) on September 2, bringing its total holdings to 388,888 BNB, currently valued at roughly $330 million.
With $750 million in warrants also in play, BNC’s exposure could top $1.25 billion by the end of 2025.
This makes BNC the largest corporate BNB holder, a signal of deepening institutional trust in the Binance ecosystem. Analysts note that such treasury actions create a dual effect: they tighten circulating supply and reinforce market psychology, positioning BNB as a long-term strategic asset.
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Meanwhile, the Binance coin’s fundamentals support this narrative. According to Token Terminal, the network now commands 4.3 million daily active users, more than Solana, Ethereum, and Tron combined.
BNB Chain sits firmly in first place in the L1 landscape, giving it a 27% market share of daily activity. Revenue numbers also impress, as BNB generated $1.1 million in protocol revenue over the past 30 days, ranking fourth among L1 chains, behind Tron, Ethereum, and Solana.
Binance Coin Price Outlook: $900 in Sight, But Bears Eye $775 First
Nevertheless, not all traders agree on what comes next. Analyst Carl Moon flagged a symmetrical triangle forming on the 4-hour timeframe, a pattern that typically precedes sharp breakouts in either direction.
His chart shows potential for an 8.87% rally toward $925, or an equally steep drop to $775 if bears take control.
Tom Tucker, by contrast, highlighted BNB’s medium-to-long-term uptrend, noting the asset has remained within a rising channel since June.
“No major resistance ahead, signaling room for further upside,” he said, pegging support at $690 as the line in the sand for bulls.
CryptoQuant data shows that BNB is holding above its important price levels. It is currently above the 30-day EMA at $834, the 50-day EMA at $806, and the 100-day EMA at $755. If these averages continue to rise, traders may be more likely to buy.
In the short term, traders are watching the symmetrical triangle pattern. If the BNB price breaks above $870 with strong volume, it could move towards the cycle highs around $900 to $920. However, if the price drops below $830, it could lead to further declines towards $775 and possibly down to $690 if the overall market turns negative.
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