The post BNB Price Targets $800 as Binance Burns 1.5M Tokens appeared on BitcoinEthereumNews.com.

Binance Coin price has moved to its highest level in one month after recording a slight 1.78% increase in 24 hours to trade at $672 today, July 10. The recent burn comes after the BNB Chain burned 1.5 million tokens from the supply, as an ascending triangle pattern suggests that a 17% move to above $800 might be imminent. BNB Price Hits 1-Month High as Bulls Target $800 The ongoing gains by the BNB token are not unique, considering that the broader crypto market is rallying today due to optimism that the Fed is going to cut interest rates. The recent gain has confirmed a rising triangle pattern that has been forming on the daily chart, indicating the possibility of a bullish continuation happening. The height of this ascending triangle, calculated from the lowest point to the highest point, marks the target level of the BNB price if it can overcome the resistance level at $686. At press time, BNB was only 2% shy of this target price, and if the broader crypto market momentum remains bullish, it might soon close above it. Going by this pattern, the next target that the BNB token could hit as long as the buying pressure remains high is $806. At this point, this top altcoin will have created a new all-time high price. The rising RSI is supporting this Binance Coin price forecast, considering its value of 60 after creating a series of higher highs that indicate there is a bullish momentum in play. BNB/USDT: 1-day Chart (Source: TradingView) The invalidation thesis for this technical setup will happen if the price drops below the lower trendline of the rising triangle channel, because doing so will confirm that selling pressure is about to increase, and BNB might fall to $643. 1.5 Million BNB Tokens…

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Filed under: News - @ July 10, 2025 8:22 pm