- BNB holds above $743, reinforcing bullish continuation on the weekly chart.
- Zero-fee carnival saves $4M, boosting adoption and transaction growth.
- Analysts target $920–$940, with $820 acting as strong support
Binance Coin (BNB) is gaining attention after breaking major resistance levels in its latest price action. Analyst Crypto Tony shared that BNB moved above the $743 level on TradingView charts.
This zone has acted as a ceiling for price growth in recent sessions. If bears do not reclaim control, the breakout is seen as confirmation of bullish continuation.
The weekly chart shows steady upward movement supported by higher lows, reinforcing market optimism. Analysts said that maintaining levels above $743 could allow further acceleration toward new highs in the near term.
Fee Savings Support Market Activity
BNB Chain reported that its “0 Fee Carnival” program has generated over $4 million in stablecoin fee savings. The initiative offers zero fees on USDT and USD1 transfers, bridging, and centralized exchange withdrawals.
Initially scheduled to close earlier, the program has now been extended until August 31, 2025. Market analysts welcomed the move, saying lower costs increase adoption and build user confidence.
They added that this policy may drive higher market activity and support the ongoing bullish outlook for BNB.
Resistance Test and Higher Target Zones
Meanwhile, Lingrid noted that BNB/USDT is testing resistance after a rally from the lower channel boundary. The chart indicates that price rebounded several times following a breakout from the triangle pattern.
This repeated reaction highlights sustained buying strength and control by bulls. The analyst pointed to an imbalance zone near $820, which is acting as short-term support.
The current target zone for buyers is between $920 and $940. According to Lingrid’s analysis, a clear breakout above resistance could open the way for additional gains in the coming weeks
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
