BNB Technical Analysis Jan 31

BNB is currently trading at $767.28 and is in a position very close to the critical $750 support region. In the last 24 hours, it moved in the $750-$862 range with a 9.43% decline, carrying recovery potential with oversold RSI (25.95) but the downtrend remains dominant.

Current Price Position and Critical Levels

BNB is positioned at $767.28 amid the overall market downtrend. The price remains below EMA20 ($879.65), and the Supertrend indicator is giving a bearish signal ($905.02 resistance). 24-hour volume is high at $1.47B, but selling pressure dominates. Multi-timeframe (MTF) analysis identified a total of 10 strong levels across 1D, 3D, and 1W timeframes: 2 supports/2 resistances on 1D, 1 support on 3D, and 2 supports/3 resistances confluences on 1W. This indicates that the supports around $750 are strong buyer zones. The price is testing the $750 support to gather liquidity; in case of a breakdown, there’s a risk of deepening to $724. Above, $800 resistance will be the first hurdle.

Support Levels: Buyer Zones

Primary Support

$750.0000 (Strength Score: 76/100) – This level stands out as BNB’s most critical buyer zone. Why? There’s strong confluence on 1D and 1W timeframes: on 1D, the order block of the last downward wave formed here, tested 3 times in the past with reactions (most recently on January 28). Volume profile is high – a large portion of the $1.47B daily volume creates liquidity around ordered stop-losses in this zone. It also overlaps with the demand zone on the 3D chart, meaning institutional buyers may have accumulated positions here. Supported by RSI 25.95 oversold; if rejection (red) occurs from here, a quick recovery to $800 is expected. Historical data: This level is a strong base remaining from the November 2025 rally.

Secondary Support and Stop Levels

$724.5967 (Strength Score: 70/100) – Secondary support comes into play on a $750 breakdown. This level is defined by FVG (fair value gap) and low-volume liquidity pool on the 1W timeframe. Tested twice in the past: bounce in October 2025, brief hold in December. Confluence with EMA50 ($745), volume spikes point to the low area – big players could buy cheap here. Invalidation: Close below $724 accelerates the downtrend to $570 (main target). Stop-loss suggestion: Below $720, for risk management.

Resistance Levels: Seller Zones

Near-Term Resistances

$799.9177 (Strength Score: 63/100) – Near-term first resistance, 4.2% above current price. Strong on 1D as recent swing high and EMA20 ($879) approach. Why important? High-volume sell order block here, rejection occurred on January 29. Light confluence on 1W, target for short positions. Volume increase required for breakout; otherwise, high fakeout risk.

Main Resistance and Targets

$914.8050 (Strength Score: 60/100) – Main resistance overlaps with Supertrend ($905). This level is a supply zone on 1W and 3D: top reversal from early January rally, rejected after 4 tests. Key for upside target to $978.8821; confluence: Fibonacci 0.618 (50% retrace) and pivot R1. Breakout opens path to $978, but challenging with current bearish momentum. Bullish invalidation above: Daily close above $914 brings a bullish flip.

Liquidity Map and Big Players

Big players (smart money) are hunting liquidity below $750 – retail stop-losses clustered here. Sell-side liquidity between $799-$800 (short squeeze potential), above $914 targets upside liquidity grab. Order flow: Equal lows formed from $862 to $750 in the recent drop, creating imbalance to attract buyers. Volume analysis: Spike expected at $750, descent to $724 triggers panic selling. R/R ratio: 1:3 for long from $750 to $800, 1:2.5 for short from $800 to $724. While the liquidity map signals downtrend continuation, oversold conditions could create a reversal setup.

Bitcoin Correlation

BNB is highly correlated with BTC (0.92 coef.); BTC in downtrend at $77,225, testing $75,720 support with 7.76% drop. If BTC breaks $75,720, BNB dragged to $724; drop below $74,493 activates $570 BNB target. Conversely, BTC breaking $80,357 resistance could bring BNB rally to $799-$914. BTC Dominance rising, caution for altcoins: Supertrend bearish on BTC strengthens short bias on BNB. Watch: BTC hold at $75k makes BNB $750 critical.

Trading Plan and Level-Based Strategy

Level-based outlook: Hold above $750 bullish (long entry $750-$755, targets $799/$914, stop $748). On breakdown, short below $750 (entry $748-$745, targets $724/$570, stop $752). Risk: 1-2% capital, min R/R 1:3. For spot, check BNB Spot Analysis; for futures, BNB Futures Analysis. This analysis is not investment advice, for understanding market structure.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Market Analyst: Sarah Chen

Technical analysis and risk management specialist

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/bnb-support-and-resistance-levels-critical-points-for-january-31-2026