BNB price targets $820 after cup-and-handle breakout

BNB traded near $733 on May 31 after a strong daily breakout placed the $800 to $820 zone back on traders’ radar.

The move also pushed $BNB back above the 200-day EMA. Traders often treat that average as a trend filter, so a close above it can show that buyers have taken control of the short-term setup.

The latest market data showed BNB trading near $733, up more than 7% over 24 hours. The token’s 24-hour range stretched from about $665 to $740, while trading volume rose above $3.4 billion.

That price action moved BNB back into the top four crypto assets by market value. Its market cap stood near $99 billion, according to the latest price data.

$820 becomes the next chart target

BNB had triggered a daily cup-and-handle breakout near $721. The token had reclaimed the 200 EMA and printed a fresh daily MACD bull cross.

The technical target is near $820. That area matches the red resistance zone from the previous breakdown region and sits roughly 19% above the breakout zone.

The $800 to $820 range may not be easy to clear. It previously acted as a support area before BNB fell sharply, meaning some traders may sell into that zone if price returns there.

For now, the breakout remains valid while BNB holds above the $680 to $700 range. A daily close back below that area would weaken the setup and raise the risk of a failed retest.

Momentum improves as ecosystem news builds

The MACD also supports the bullish structure. The MACD line crossed above the signal line, while the histogram turned positive. That setup shows that upward momentum has improved after the breakout.

The RSI has also rebounded from a historical support area. That gives traders another reason to watch whether BNB can hold above the reclaimed zone and build toward the next resistance band.

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