BNB Price Climbs 3% As CZ Backs 50% Fee Cut on Binance Chain

BNB prices have risen 3% over the past 24 hours. EST Daily trading volume fell 9% to $4.14 billion.

This comes after Binance co-founder Changpeng Zhao (aka CZ) suggested that the fees for the Binance chain have been reduced by 50%. Reducing transaction fees can attract new projects and users to the Binance ecosystem, helping to increase revenue and BNB.

Reduce your fees by 50% #BNB chain? 🤷‍♂ 🤷‍♂️

– CZ🔶BNB (@CZ_BINANCE) September 23, 2025

The BNB chain will also cut its lowest gas bill in half from 0.1 GWEI to 0.05 GWEI next month, speeding up block time from 750 ms to 450 ms.

The goal is to push the average transaction cost to around $0.001. This shows a steady push to keep our network cheaper following previous fee cuts in April 2024 and May 2025.

The proposal is intended to help BNB chains compete with low-cost high-speed networks such as Solana and Base. This move can attract traders, developers and large numbers of users, but it can also reduce validator rewards.

BNB prices retain important levels after breakout

BNB prices recently hit a high of $1,083.47, only slightly pulling back $1,013 At the time of the most recent trading session. On the weekly chart, the rally remains strong, with prices exceeding the most important moving average, the 50-week Simple Moving Average (SMA) of $690.85 and the 200-week SMA of $445.66.

BNBUSDT Analysis Source: TradingView

These moving averages are important for traders and investors as they help to show the overall direction of the market. BNB prices are not only above both lines, but far ahead. This tells the traders that the Bulls are in control.

During sharp market selling, these areas often serve as support and give confidence to those who want to buy dip.

Support 1 is currently over $900, while Support 2 can be closer to the $800 region. Once BNB drops, traders expect support to be retained in these areas. The $900 zone was a previous resistance, but now it is a strong area for buyers.

A break below this level could potentially revisit the price of $800, but with current strength, this scenario is not very likely to be considered for now.

Technical indicators for BNB prices point to a higher price

The RSI (relative strength index) for the BNB price is 71.77. This means that coins are close to the full-time purchase level, but they are still on the momentum. Sometimes prices can be over-buyed for a long time in bull markets.

This suggests that while slight pullbacks may occur, continuous purchases could further increase the price.

MACD (divergence of moving average convergence) remains bullish. The blue MACD line is well above the orange signal line, both in positive regions, indicating that the buyer is still in charge. In previous Bull runs, after such a signal, BNB prices often moved higher.

If the Bulls continue to charge, BNB may try again at its recent high at $1,083. A clean break above this level can open the door to more than $1,200 if sufficient buyers intervene.

However, if the market is a breather or the BNB is facing sharp refusal near highs, it can be modified to support the $900 and $800 levels. A healthy dip can provide traders with better entry points. As long as BNB is above the $800 level and maintains a higher low, the uptrend is playing.

Feelings about the vinance chain have also improved

On-chain activity is on the rise, and after the proposed fee reduction, an increase in user demand for faster, cheaper transactions could help maintain price growth. wallet address And the general transaction Activities in the Binance chain have increased significantly, indicating active participation and involvement by users.

BNB Active Address Source: GlassNode

Traders and investors are looking closely to see if new protocol upgrades or partnerships will be announced in the coming weeks.

Related Articles:

Best Wallets – Diversify your crypto portfolio

• Easy to use, functionally driven crypto wallet
• Get early access to future token ICOs
• Multi-chain, Multi-wallet, Non-Antiquity
• Currently, the App Store and Google Play
• Stakes to earn Native Tokens
• Over 250,000 monthly active users