Binance Coin Dips Below $800 Amid Broader Bullish Trend

Binance Coin (BNB) briefly dipped below the $800 level on August 10, according to HTX market data, marking a short-term decline amid an otherwise bullish macro trend for the token [1]. The drop came after multiple prior surges above the key resistance level, including on July 23 and August 9, when traders and analysts speculated on the possibility of the token reaching $1,200 by the end of 2025 [3][9]. Despite the dip, the broader technical outlook remained positive, with the price settling into a consolidation phase near $795–$800 before showing signs of a rebound [6].

Earlier in July, BNB had shown a 0.47% gain on the day, trading at $808.11, driven by bullish technical indicators and growing institutional interest [2]. This momentum was attributed to Binance’s ongoing blockchain development and the expansion of use cases such as staking programs, which have increased demand for the token. However, as of August 8, the coin had settled near $788.20, with a notable intraday high of $790 and a short-term support level identified at $698 [10].

Market observers noted that BNB’s performance aligned closely with Bitcoin’s recent momentum, with the token recording weekly gains and reaching a market cap of up to $112 billion [6]. Analysts have emphasized that the surge in demand for Layer 1 blockchain solutions is a significant factor in BNB’s upward trajectory [3]. Some have forecast that a broader altseason in 2025 could enable the token to break above $1,000, particularly if key resistance levels such as $800 and $808 are successfully sustained [5].

Despite the short-term decline, the overall narrative for BNB remains bullish. Analysts continue to monitor these key levels as potential indicators of whether the token can maintain its upward movement in the coming months. The ability of BNB to hold above critical support levels and attract continued institutional interest suggests that the market remains in a phase of accumulation and anticipation for future catalysts [2][4].

Source:

[1] title: BNB Short-Term Drops Below $800 (https://www.theblockbeats.info/en/flash/306712)

[2] title: BNB Price Surges Above $800 as Binance Coin Technical (https://blockchain.news/news/20250810-bnb-price-surges-above-800-as-binance-coin-technical-analysis)

[3] title: Binance Coin Surpasses $800 Resistance Amid Bullish (https://www.ainvest.com/news/binance-coin-surpasses-800-resistance-bullish-outlook-1-200-q4-2025-2508/)

[4] title: Is The BNB Crypto A Buy Near Record Highs? (https://www.barchart.com/story/news/34007317/is-the-bnb-crypto-a-buy-near-record-highs)

[5] title: BNB/USD: $1000 in Sight as Bulls Dominate Short-Term (https://www.econotimes.com/BNB-USD-1000-in-Sight-as-Bulls-Dominate-Short-Term-1718279)

[6] title: BNB Market Cap Hits $112B, Flipping DBS Bank & Strategy (https://coinedition.com/bnb-market-cap-flips-dbs-bank-strategy-now-ranks-191-globally/)

[9] title: BNB Surpasses 800 USDT with a 1.65% Increase in 24 (https://www.binance.com/en/square/post/08-09-2025-bnb-surpasses-800-usdt-with-a-1-65-increase-in-24-hours-28069405487497)

[10] title: Is the BNB Crypto a Buy Near Record Highs? - Yahoo Finance (https://finance.yahoo.com/news/bnb-crypto-buy-near-record-172522317.html)