BNB Price Falls to $845 as Profit-Taking Hits Binance Coin Despite Technical Strength

Quick Take

• BNB currently trading at $845.30 (-0.62% in 24h)
• Binance Coin’s RSI sits in neutral territory at 51.33, indicating balanced momentum
• Recent 4% weekly decline attributed to profit-taking despite earlier resistance breakout at $872.81

What’s Driving Binance Coin Price Today?

The BNB price has experienced a notable shift in momentum over recent days, with the token declining 0.62% in the past 24 hours to $845.30. This movement reflects the broader weekly trend that saw Binance Coin fall 4% as reported on August 31, 2025.

The primary catalyst behind this decline appears to be widespread profit-taking among investors who capitalized on BNB’s earlier gains when it broke through local resistance at $872.81 on August 28. Additionally, a temporary pause in contract transfers on the Binance platform has contributed to reduced trading activity and selling pressure.

Despite the recent pullback, the fundamental backdrop for Binance Coin remains constructive. The earlier breakout above $872.81 demonstrated strong underlying demand, with analysts having projected sideways trading between $870 and $900 before the current decline materialized.

BNB Technical Analysis: Mixed Signals Emerge

The Binance Coin technical analysis reveals a complex picture for traders. BNB’s RSI currently sits at 51.33, placing it firmly in neutral territory and suggesting neither overbought nor oversold conditions. This balanced reading indicates that the recent selling pressure hasn’t pushed the token into deeply oversold levels.

However, the MACD indicator presents a more cautious outlook for Binance Coin. With the MACD histogram at -5.5645, bearish momentum is currently dominating short-term price action. The MACD line at 12.2131 remains below the signal line at 17.7776, reinforcing this bearish divergence.

The moving average structure tells a more optimistic longer-term story. BNB price trades above its 50-day SMA at $813.83 and well above the 200-day SMA at $675.54, maintaining the overall very strong bullish trend classification. The 20-day SMA at $857.10 is currently acting as immediate resistance, with the BNB price needing to reclaim this level to resume upward momentum.

Binance Coin’s Stochastic indicators show oversold readings with %K at 22.09 and %D at 32.65, suggesting potential for a bounce from current levels.

Binance Coin Price Levels: Key Support and Resistance

Based on Binance spot market data, several critical levels are shaping BNB’s price action. The immediate Binance Coin support levels begin at $818.57, which represents the first line of defense for bulls. Should this level fail, the next significant Binance Coin strong support sits at $706.14, though such a decline would require a major shift in market sentiment.

On the upside, BNB resistance remains firmly established at $900.71, which closely aligns with the 52-week high of $900.21. This level has proven particularly stubborn, as analysts had previously suggested that breaking above $900 could trigger a new all-time high for Binance Coin.

The Bollinger Bands provide additional context, with BNB trading within the bands at a %B position of 0.3260. The upper band at $891.01 represents an intermediate resistance level, while the lower band at $823.19 aligns closely with the immediate support zone.

The pivot point analysis places the key level at $851.48, just above current BNB/USDT trading levels, suggesting that reclaiming this area could shift momentum back in favor of the bulls.

Should You Buy BNB Now? Risk-Reward Analysis

For short-term traders, the current BNB price action presents both opportunity and risk. The oversold Stochastic readings combined with neutral RSI levels suggest potential for a technical bounce, particularly if Binance Coin can hold above the $818.57 support level.

Conservative traders might wait for a clear break above the 20-day SMA at $857.10 before establishing new long positions, as this would signal a resumption of the uptrend. The risk-reward ratio becomes more favorable above this level, with targets extending toward the $891.01 Bollinger Band resistance.

Aggressive traders could consider the current levels attractive given the strong longer-term trend, but should implement tight stop-losses below $818.57 to manage downside risk. The 24-hour trading range of $864.06 to $845.08 provides a framework for short-term position sizing.

Long-term investors benefit from BNB’s position well above major moving averages, though the recent profit-taking activity suggests patience may be required before the next major upward move materializes.

Conclusion

The BNB price currently reflects a market in transition, with short-term profit-taking pressuring the token despite maintaining strong longer-term technical foundations. The neutral BNB RSI reading and oversold Stochastic levels suggest the selling may be nearing exhaustion, but traders should watch for confirmation above $857.10 before expecting a sustained recovery. The next 24-48 hours will likely determine whether Binance Coin can stabilize above current support levels or if further testing of the $818.57 zone becomes necessary.

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