BNB Price Is Only 13% From Its ATH, This Is When I Could Happen

BNBUSDT formed a new all-time high (ATH) in late July, reaching $861, but has since declined to $736. Despite this setback, bullish market signals suggest that BNB is showing signs of recovery, currently trading at $757. The altcoin remains within reach of previous highs if it maintains momentum and could make it before the end of the week.

Currently, BNB stands 13.7% below its ATH of $816. If BNBUSDT can break through key resistance levels at $793 and $823, it is likely to approach the ATH again. Securing the $766 support level will be crucial for sustaining upward momentum and achieving further gains in the near term.

However, if BNB fails to hold the $766 level, it could experience further downside. A drop below this support could push BNBUSDT back down to $736 or even lower. Such a move would invalidate the current bullish outlook and suggest a potential bearish reversal.