BNB Price Signals Caution as Technical Indicators Flash Bearish Divergence

BNB price action has entered a critical phase, with recent short setups delivering significant profits amid a broad technical correction. As momentum indicators point to weakening bullish pressure, market participants remain cautious about the next directional move.

At the time of writing, BNB is trading near $738, with mixed signals across daily and hourly charts. The market remains alert to whether short-term support zones can hold or further downside may unfold.

Profitable Short Trade Underscores Bearish Control

A recent short signal shared by MrD Indicators captured a highly effective entry between $830.6 and $845.47, with defined targets and stop-loss levels. The trade execution adhered to strict parameters, placing the stop-loss at $907.02 while aiming for successive targets, including $798.94, $770.9, $746.58, $720.59, and $694.1.

Price action respected the plan, breaching each target zone and culminating in a maximum gain of 163.70% and a return on investment (ROI) of 158.18%. The structure of lower highs and a clean breakdown from the entry zone reinforced the short-term bearish trend.

Source: X

The one-hour chart illustrated a steady decline from July 29 onward, with minimal bullish retracements interrupting the sequence. As the price fell through the initial support at $798.94, momentum intensified, pushing BNB toward the mid-$740s.

The setup’s success highlights the relevance of combining disciplined stop placement and layered targets in volatile market conditions. Traders who followed this structure secured multiple levels of profit without excessive exposure.

Price Action Trends Show Persistent Downside Pressure

BNB’s 24-hour performance between August 2 and August 3 confirms a bearish tilt, marked by lower highs and persistent rejection of recovery attempts. The token opened the session above $750 and briefly spiked above $754 but was unable to sustain gains.

The price then reversed, steadily descending through the day to test support levels in the $735–$738 range. The pattern reflected fading bullish interest, with minimal momentum accompanying intraday rebounds.

Source: BraveNewCoin

Volume trends remained stable during the session, peaking modestly near the day’s lows. However, the absence of significant buy-side volume suggested limited demand at lower prices. Despite minor price recoveries, BNB failed to push decisively above $745, solidifying resistance in that region. Without a sharp increase in volume or a structural breakout above $755, the asset may remain confined within a narrow bearish range or continue sliding toward deeper support zones.

At the time of writing, BNB is priced at $738.62, reflecting a 2.32% decline over 24 hours. The 24-hour trading volume is approximately $1.17 billion, with BNB’s total market capitalization standing at $102.85 billion. The prevailing trend favors sellers unless bullish catalysts emerge to reclaim lost ground above the $750–$755 threshold.

MACD and RSI Indicators Suggest Caution

The daily chart shows that BNB has rebounded slightly after falling from a recent high of $861.10. The token opened at $736.43 and closed at $747.98, posting a modest gain of 1.57%. While this bounce reflects potential stabilization, the broader trend remains under scrutiny.

Immediate resistance now lies between $770 and $800, while short-term support is visible at $730. Unless buyers return with sustained volume, the recent uptick may prove short-lived.

Source: TradingView

The Moving Average Convergence Divergence (MACD) indicator signals waning momentum. The MACD line currently reads 20.05, trailing the signal line at 28.68. The histogram shows a negative value of -8.63, suggesting that bearish divergence has taken hold. These readings typically indicate reduced upward momentum, which may lead to further downside unless trend confirmation reverses the signal.

Meanwhile, the Relative Strength Index (RSI) stands at 50.18, down from overbought levels reached in July. The RSI-based moving average is still elevated at 70.84, underscoring the recent market shift. A move below 50 often points to emerging bearish dominance, although the current flat trajectory indicates possible consolidation. A rise above 60 could mark a recovery, while a drop below 45 may confirm continued weakness in BNB price momentum.