BNB price holds above $700 as bulls target $725

BNB price traded near $707 on Aug. 26 after gaining nearly 13% from its Aug. 20 opening price, with technical charts showing strong momentum but growing resistance between $712 and $725. Summary BNB price rose from $626.47 on Aug. 20 to about $707 on Aug. 26. The daily price remains above all four major moving averages shown on the chart. 4-hour Bollinger Bands place immediate resistance near $712.50 and support near $687. Analysts identified $725 and $745 as the main levels needed to extend the rally. BNB price consolidates after its weekly breakout According to data from crypto.news, BNB (BNB) price was trading at $706.72 on Aug. 26, up 1.77% during the current daily session. The token has gained approximately 12.8% from its Aug. 20 opening price of $626.47. BNB reached an intraday high near $725 on Aug. 22 before buyers lost momentum. Price has since consolidated between roughly $685 and $720, suggesting traders are deciding whether the weekly surge can develop into a larger breakout. The latest move followed a rapid expansion from the $600 area, where BNB had traded before breaking above several moving averages. Although the price has pulled back from its weekly high, it has he...