BNB holds above $750 as buyers defend a key rising trendline. Jenner upgrade adds new features and boosts BNB Chain utility. Bulls target $790-$800 while $720-$730 remains critical support. B
BNB continues to attract attention as price action remains resilient above a key support zone. Despite a recent pullback from October highs, buyers have defended critical levels and preserved the broader uptrend. At the same time, fresh network developments have strengthened market sentiment. The latest Jenner upgrade on the BNB Chain testnet, combined with a major token burn and strong network activity, has given traders several reasons to keep BNB on their watchlists.
https://twitter.com/CryptoPatel/status/2115058431019405693?s=19BNB trades near $752 after recovering from a dip toward $744. The token opened around $758.80 and briefly touched $760 before finding support during intraday weakness. Recent price action shows buyers still defending a rising trendline that has remained active since July. That trendline currently sits between $720 and $730. A successful defense of that zone has helped preserve the broader bullish structure.
The October correction from levels near $800 has not changed the larger trend. BNB continues to print higher lows and remains above the former resistance area between $690 and $710. Traders now focus on resistance between $760 and $770. A daily close above that range could bring the October peak near $790 to $800 back into view.
Technical indicators support a cautiously positive outlook. The daily RSI stands at 54.16, slightly above neutral territory. That reading suggests buyers have regained momentum without creating overbought conditions. Meanwhile, the MACD has started improving. The histogram has turned positive, while the MACD line moves closer to a bullish crossover signal.
Beyond price action, network developments have provided fresh support for sentiment. BNB Chain recently activated the Jenner hard fork on the BSC Chapel testnet. A new Payment Lane feature reserves 5% of block gas capacity for payments. That change aims to improve transaction reliability during periods of heavy congestion. The update also introduces the CAS20 standard for compliant digital assets.
Such assets may include stablecoins and tokenized real-world products. In addition, millisecond-level timestamps provide more precise timing data for smart contracts. Another positive development came from the 37th quarterly BNB burn. The event removed more than 1.64 million BNB from circulation, reducing the total supply to roughly 131.51 million tokens. Network fundamentals remain solid.
BSC currently holds around $5.53 billion in DeFi total value locked and more than $13 billion in stablecoins. Daily network activity remains strong, with roughly 20.3 million transactions and about 4.25 million active addresses recorded over 24 hours. For now, traders should monitor the $740 to $750 zone closely. Continued strength above that range keeps the bullish outlook intact.
