Foreign media reports that BNB has rapidly rebounded from its low levels at the end of August and is currently back near $731, once again approaching the resistance zone above $750 to $770. This range is seen as a direct test of whether this round of rebound can continue to expand.
Price has returned to a key resistance area.
BNB has mainly traded in the range of $560 to $625 for most of the summer, before breaking through upwards and reaching around $770 at one point. The current price has returned below the previous area of heavy trading, so $750 has become the first target that needs to be regained in the short term.
The article suggests that if the daily chart reclaims above $750, the short-term structure will further improve; if it continues to break through $770, it indicates that the selling pressure above has been further absorbed, and market attention may shift to the round figure of $800.
On-chain activity has seen a simultaneous rebound.
One factor supporting the expectation of a rebound is the recent resurgence in on-chain activities of BNB Chain. Data shows that over the past 30 days, the total locked-up value of DeFi of BNB Chain has increased by 15.6%, rising to approximately 5.66 billion US dollars.
At the same time, the 24-hour trading volume of this chain DEX has increased by 65.5% compared to the level of the previous 7 days. The report also mentioned that BNB Chain is in a relatively active position in tokenized stock-related activities, accounting for about 14% of the total trading volume on the chain DEX at the beginning of September.
- DeFi TVL: Approximately $5.66 billion
- 30-day increase: 15.6%
- On-chain DEX share: approximately 14%
If it falls below $750, it may return to consolidation.
However, the article also points out that the resistance above remains clear. If BNB is unable to regain a firm position above $750 and continues to be pressured within the range of $750 to $770, the price may fall back to around $720.
Further down, $700 is considered a more important structural support level. Once this level is broken through, the previous breakout pattern will be weakened, and prices may further decline back to the $680 to $690 range.
Overall, foreign media believes that BNB has moved from a long-term consolidation phase to a phase of direction selection. Whether a larger upward movement can be achieved in the future depends on whether the buying pressure can continue to sustain demand after a breakout, rather than weakening rapidly after a short-term surge.
