BNB Holds $710 Support After $708.64 Daily Low

A 2.8% Rebound From the $708.64 Low

BNB price trades near $733 on Thursday, about 2.8% above the $708.64 daily low it reached earlier in the session. The recovery has not restored the levels the token held at the start of the week. BNB opened the week at $754.24 and stood 3.13% below that mark, inside a weekly range that ran from $708.64 to $758.03. That range leaves the token beneath the $750 weekly pivot drawn by the chart's Murrey Math grid, a fixed set of price divisions that supplies the weekly pivot points many traders use to frame weekly boundaries. The daily structure shows the same retreat at closer range. During the pullback, BNB crossed below the 20-day simple moving average at $761.09 and the 50-day average at $744.55, two lines it had held through the October advance, and both still sit above the market. The longer averages tell another story: BNB still trades above the 100-day average, $672.49, and the 200-day average, $645.05, so the broader advance that followed the summer lows is intact on those measures. Momentum has cooled with the price. The daily Average Directional Index read 23.85, far below its September values above 40, and the indicator measures trend strength rather than direction. Weekly Aroon still flashed strength, with Aroon Up at 92.86% and Aroon Down at 7.14%, a reflection of the recent weekly highs inside the lookback window even as the latest weekly candle closed lower. For anyone tracking BNB price action, every level in this map, from the $750 pivot to the 50-day line at $744.55, now sits above a market that spent the week rebuilding from one sharp low.

The $740 Reclaim Threshold

Analyst levels now frame the recovery attempt. BullishBanter pinned the $790–$810 band as a supply zone: BNB was rejected there, and a rising trendline gave way. His 4-hour chart showed two peaks at the upper edge before the drop into a shaded support band around $700–$710, and a close under that zone, he argued, opens a likelier path toward $680–$690. “For now, I’m watching 700 support vs 740 reclaim for the next move,” he wrote on Oct. 15. His $740 recovery threshold sits just below the 50-day average at $744.55; above it, the $750 weekly pivot and the 20-day average at $761.09 form the next reference points. A second analyst, Ed NL, kept a corrective outlook, describing the preceding advance as a completed five-wave move and the current tape as a three-leg correction toward lower liquidity, with another downward leg projected after the recent rebound. That forecast stays conditional on the wave count, which leaves BullishBanter’s levels as the clearer near-term markers. Derivatives data fills in the other side of the map. CoinGlass’s one-week liquidation heatmap traced price from the mid-$750s down to the low-$710s before the recovery toward $730, with estimated liquidation exposure concentrated around $704–$706 and near $695, both beneath the $708.64 low. Overhead, the brightest clusters sit near $765–$766 and around $762, extending toward $772–$780, while nearer bands around $733–$735 lie between the current price and the $740 threshold. The macro backdrop hardened on Wednesday, when September US consumer prices came in 3.7% higher year over year and 0.6% above August, with gasoline up 9.1% on the month, while US stocks fell and Treasury yields rose. The release lifted expectations for a Federal Reserve rate increase and placed the Oct. 27–28 meeting at the center of the next US policy decision.

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A $31 Channel Between Scored Levels

Our own composite support and resistance scoring, the read behind our BNB technical analysis page, shows how little room separates the current quote from either edge. The strongest overhead level sits at $741.38, scored 96 out of 100, with the 50-day exponential average and the R1 pivot among the indicators meeting there, while the heaviest shelf below holds at $710.62, scored 94. Positioning carries no visible stress, with the perp funding rate at 0.0011% and open interest at $556.18 million. The tape matches a wider altcoin market held at neutral, with the Fear and Greed Index at 53. BNB trades about $8 beneath the $741 ceiling and roughly $22 above the $710 floor, and that measured gap, not a directional call, is where the market stands.