Overview

• BNB confirmed its first-ever weekly close above $800 on July 31, breaking out of a multi-month descending resistance trendline.
• The coin has rallied over 47% since early May, ending a 506-day consolidation and entering a price discovery phase.
• Trading volume during the breakout surpassed $2.02 billion, underscoring strong market interest in BNB.
• A newly formed bullish trendline now provides critical support at the $800 level following a correction from the mid-$860s zone.
• Analysts forecast that holding above $800 could propel BNB into a third wave targeting the $1,000 to $1,050 range.