BNB Price Forecast: $740 Break Could Open Path to $825

BNB (BNB) has jumped by nearly 4% in the past 24 hours following a retest of a key area that acted as resistance previously at $680, but that seems to have turned into support now.

The native asset of the BNB Chain may be benefiting from the recent launch of Binance Stock Options.

This new product continues to reduce the gap between traditional finance and blockchain-based trading platforms, as it allows traders to negotiate these derivatives via a pure-play crypto exchange like Binance.

The underlying assets will be delivered physically to option holders, supported by Nest Trading Limited as the introducing broker and Alpaca Securities as the clearing broker — both entities based in the United States.

Options for both U.S. stocks and exchange-traded funds (ETFs) will be launched, and the instruments will trade during market hours primarily.

TradFi Tokens Boom as Trump Mentions Hyperliquid

The blockchain-based TradFi space has been booming lately, following the launch of tokenized stocks by multiple centralized and decentralized exchanges (DEXs). This bridges the gap between Wall Street and the crypto world as legislation continues to advance favorably on this particular front as well.

President Donald Trump’s recent mention of Hyperliquid during a crypto summit at the White House emphasized the increased interest that exists in launching these solutions and making them available in U.S. territory.

Binance would benefit from this via its U.S.-based subsidiary, and the launch of stock options could further increase institutional interest in its platform.

Meanwhile, the Crypto Fear and Greed Index just jumped to 73, indicating that investors are in Greed mode for the first time in months. Moreover, this sentiment gauge rose to 80 just a couple of weeks ago, reaching its highest level since December 2024, back when the crypto market was booming.

Even though the macroeconomic backdrop continues to be unfavorable, crypto prices appear to be recovering recently after a much-needed pullback.

As much as 60% of market analysts currently expect a rate hike in September during the next FOMC meeting, according to data from FedWatch. However, sentiment continues to be positive, and it is leaning toward a bullish outlook, as all digital assets in the top 5 are trading above their 200-day exponential moving average.

BNB Sets Eyes on $825 After Successful Retest of Former Resistance

Looking at the daily chart for BNB, the price broke past this key technical indicator on August 20, as many other tokens did.

However, the rally kept going until it broke above the $680 resistance, which was our target for BNB in a previous price prediction article we shared on July 30.

Positive momentum continues to be strong, as the Relative Strength Index (RSI) currently sits at 70. We expect the continuation of this rally after a confirmed bounce off $680 today.

If the price breaks past the $740 ceiling, it is highly likely that BNB will set course toward $825 in the near term, implying a 15% upside potential in the near term.