In this price range I still recommend that you go for a porro binocular of moderate magnification.
The sub-$100 Leupold Yosemite is still a fine choice as is a slightly more expensive Vortex Raptor 6.5×32. I generally appreciate the ease of use and carry that these smallish binoculars offer. Besides, they are simply easier to build on a budget.
If you want a full size binocular of higher magnification, Pentax PCF WP II 8×40 offer good performance for the money.