Key Insights:
- BNB price traded near $894, up 10% in a month and close to the $900 mark.
- Three local top signals: liquidations, weaker money flow, and fading momentum, hint at a pause.
- $934 must break to aim for $1,000, while falling under $869 could deepen the pullback.
BNB price was trading close to $894, up about 1.6% in the past 24 hours. Over the past month, it has gained more than 10%, and many traders believe this rally could continue and push the price toward the big round number of $1,000.
But the short-term picture is not that simple. While BNB looks strong when viewed over weeks and months, some early signs suggest the climb may pause.
Traders call these signs “top signals” because they often appear when a coin is near a local peak.
Three Local Top Signals Are Appearing
The first sign comes from short liquidations near the $900 mark.
A short liquidation happens when traders who bet against the price are forced to close their positions because the price has gone higher.
This can create a quick move upward, but once those traders are forced out, the extra push disappears. This often leaves the price weaker in the short term.
The second sign is that the Chaikin Money Flow (CMF) is trending lower. CMF is a simple measure that looks at both price and trading volume to check if more money is coming in or going out.
When CMF rises, it usually means more buyers are entering. When it drops, it shows that inflows are slowing.
This is the first drop in CMF since mid-August, which means less new money may be coming into BNB price right now.
The third sign comes from the Relative Strength Index (RSI). RSI measures momentum, or how strong the buying is.
Right now, the price of BNB has made a higher high, but the RSI has made a lower high. This mismatch is called a bearish divergence. It often shows that momentum is fading even while the price tries to climb.
Each of these three signals can be ignored on its own. But when they appear together, they usually mean the market is close to a pause.
How Has BNB Price Handled Pullbacks Before?
Even with these warning signs, BNB price has shown in the past that it does not usually fall very far during corrections.
When the price drops, the falls are often around 10% to 20% from the peak, and then buyers step in again.
At the moment, the drop from BNB price all-time high is only around 1.5%. This is very small compared to other coins, which often fall much more when corrections happen.
This history shows that buyers usually return quickly, helping the coin avoid deep losses.
This means that even though the short-term view may suggest a dip, the bigger picture still shows BNB as a strong coin. Even if it drops, chances are that the BNB price will recover quickly.
Why the BNB Price Went Higher Recently?
The climb in BNB price was not only because of charts and signals. News also helped. A recent partnership between Binance and a major asset manager gave traders more confidence in BNB.
Many saw this as an important step toward bringing traditional finance and blockchain together.
It is important to note that the signals showing weakness were already present before this partnership news.
The announcement gave the price an extra push, but it did not erase the underlying signs.
That is why traders now see a mixed picture: news helped the price higher, but the short-term signals still point to slowing momentum.
Right now, BNB price is looking rangebound.
If the price moves above $934, it will show that buyers are still strong and the climb toward $1,000 is possible. But if the price falls below $869, it could confirm that a deeper dip is on the cards.
Until the BNB price leaves this range, the market will keep testing whether the next move will be higher or lower.