Binance Coin (BNB) has broken out of its multi-year range, closing above $700 and entering what traders call “blue sky” territory, where there’s no historical resistance left on the chart.
This isn’t just a flicker above a key level. The move was confirmed on the monthly timeframe, as multiple daily candles, shifting $700 from a stubborn ceiling into fresh support. With that, BNB’s technical setup now points toward $1,100, the next major Fibonacci extension target.
BNB’s breakout is more than just a chart anomaly, it’s a structural shift. The token is now trading in territory with no historical ceiling, and bulls have shown no signs of exhaustion. As long as price stays above $700, bulls have control. With volume backing the move and key resistance zones cleared, the market is now watching one number: $1,100. Unless momentum fades or rejection sets in, the path remains open.
The breakout comes alongside a surge of capital. On September 8, Binance reported $6.2 billion in stablecoin inflows, its largest single-day intake of 2025. That wave of liquidity has added real weight to BNB’s price action, supporting the rally with actual market flows.
Meanwhile, Binance isn’t just drawing in volume, it’s expanding infrastructure. Binance Pay is now live on Zapper’s 31,000+ merchant network, letting users spend crypto at real-world checkout counters with a scan. That kind of utility gives BNB more than just momentum, it gives it relevance.
Also Read: Crypto Price Today (August 10): Market in Total Green as Bitcoin Tops $113K
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