TLDR
- BNB trades near $752, defending a rising trendline that has held since July.
- The Jenner hard fork went live on the BSC Chapel testnet on Oct. 29, but no mainnet date is confirmed.
- The 37th quarterly burn removed 1,646,196.44 BNB, worth about $1.197 billion.
- BNB Standard (BNC) holds more than 515,000 BNB and rang the Nasdaq opening bell on Oct. 26.
- Analyst Crypto Patel is watching $704 as key support and $810 as the level to reclaim.
BNB is trading around $752 on the daily chart as buyers keep defending a rising trendline that has held since July. The token opened near $758.80, reached about $760.06, and dipped to $743.93 before recovering. It was down roughly 0.9% at the time of the chart.
The October pullback from highs near $800 has not broken the wider structure. BNB is still making higher lows and trades above the old resistance zone of $690 to $710.
Rising trendline stays intact
The trendline now sits near $720 to $730. BNB bounced from this area recently, which keeps the uptrend in place. A daily break below $720 would weaken the setup and bring the $690 to $710 zone into focus.
The first resistance sits at $760 to $770. A move above that would put the October highs of $790 to $800 back in play.
The daily RSI is 54.16, just above neutral. That suggests buyers have regained some momentum without pushing the token into overbought territory.
MACD is also improving. The histogram has turned positive, and the MACD line is moving back toward its signal line. A stronger price breakout is still needed for confirmation.
Analyst Crypto Patel said the structure looks bullish, but a pullback may come first. He noted that BNB has already bounced from the $704 level and that he is watching whether buyers can defend it.
$BNB BULLISH STRUCTURE CONFIRMED BUT A PULLBACK MAY COME FIRST#BNB has already bounced from the $704 inducement level. Now, I’m watching whether buyers can defend it.
Bullish: Hold $704 and reclaim $810
Bearish: A HTF candle close below $704 could open a move toward the… pic.twitter.com/KhKQLQZTUY
— Crypto Patel (@CryptoPatel) October 27, 2026
Patel’s bullish case calls for a hold of $704 and a reclaim of $810. His bearish case needs a higher-timeframe candle close below $704, which could open a move toward the $640 to $600 demand zone.
He added that a wick below $704 is not confirmation. He wants to see a candle close before calling it.
Jenner upgrade, burn and network data
BNB Chain activated the Jenner hard fork on the BSC Chapel testnet on Oct. 29. A new Payment Lane reserves 5% of each block’s gas for payments, which is meant to keep them moving during heavy congestion.
Jenner hardfork is now live on BSC testnet!
What the upgrade entails:
🔸 Payment Lane, reserving 5% of block gas by default for eligible payments.
🔸 Millisecond block timestamps for smart contracts.
🔸 Functionality for CAS20, a new Compliant Asset Standard.Payment Lane and… pic.twitter.com/FPKzYtGRW7
— BNB Chain (@BNBCHAIN) October 29, 2026
The upgrade also adds the CAS20 standard for compliant assets such as stablecoins and tokenized real-world assets. Millisecond-precision timestamps give smart contracts more accurate timing data. BNB Chain has not confirmed a mainnet date.
The 37th quarterly burn removed 1,646,196.44 BNB from circulation, worth about $1.197 billion at the time. Total supply now stands near 131.51 million tokens.
BSC holds about $5.53 billion in DeFi total value locked and more than $13 billion in stablecoins. The network processed about 20.3 million transactions over 24 hours, with roughly 4.25 million active addresses.
DEX volume was about $893 million over 24 hours, although seven-day volume has fallen about 8%. The chain also saw about $8 million in net capital outflows over the latest day.
There is no large U.S. spot BNB ETF producing daily flow data. BNB Standard, listed on Nasdaq as BNC, rang the opening bell on Oct. 26 after rebranding from CEA Industries. The company holds more than 515,000 BNB and plans to operate a BNB Chain validator.
On the chart, the first level to watch is $740 to $750. A daily close above $760 to $770 would put $790 to $800 back in focus, while $720 to $730 remains the key downside support.
Summary: BNB trades near $752 above rising trendline support, backed by the Jenner testnet launch and a $1.2 billion burn.
Chart Analysis
BNB is sitting right on that July trendline, and bulls keep stepping in. RSI at 54 and a MACD histogram flipping green say momentum is quietly rebuilding. Not a moon shot, but a clean base.
Watch the $760 to $770 zone next. A daily close above it opens the door to $790 to $800, while a slip under $720 puts the trend on notice.
