BNB Technical Analysis Jan 24

BNB is exhibiting a sideways movement today; if it holds support near $890, a move toward $905 is possible, but if it fails to stay above EMA20 ($893.90), downside risk is high. Focus on critical levels in the next 24-48 hours.

Short-Term Market Outlook

BNB is trading at $892.46 in the early morning hours of January 24, 2026, with the day’s range formed as $883.10 – $904.99. Although the 24-hour change is slightly up at +%0.65, the short-term outlook remains under bearish pressure as the price stays below EMA20 ($893.90). The market is generally in a sideways trend; volume is at a moderate level of $408.44M, with no signs of a sudden breakout. Multi-timeframe (MTF) analysis shows 13 strong levels on 1D/3D/1W timeframes: balanced 3 supports/3 resistances on 1D, resistance-heavy on 3D (4R), mixed on 1W (2S/3R). While Supertrend gives a bearish signal ($918.98 resistance), the MACD histogram has started to turn positive. RSI at 45.72 is in the neutral zone, close to oversold but momentum has not yet strengthened. In the next 24-48 hours, around $890 is critical; upward movement signals can be sought without a break here, but overall risk is high – without stop-loss in short-term trades, losses can be significant. News flow is calm, bringing technical levels to the forefront. For active traders, scalping zones are narrow: watch consolidation between $890-$895.

Intraday Critical Levels

Nearby Support Zones

Immediate support at $890.3711 (score: 92/100) – the day’s most critical level; if tested, holding is highly likely, invalidation below $889. Second support at $874.0444 (score: 61/100); a dip here is not an aggressive buying opportunity, as downside opens to $850.8083. These levels are pulled from 1H/4H charts; a break of $890 could trigger a quick drop to $880s intraday.

Nearby Resistance Zones

First resistance at $904.9728 (score: 86/100) – the day’s high; breakout here with candle formation opens the path to $919. Followed by $919.0376 (score: 67/100) and $959.5200 (score: 63/100). These resistances align with Supertrend; a close above $905 turns momentum bullish. For scalpers, $902-$905 is a short squeeze zone.

Momentum and Speed Analysis

Short-term momentum is mixed: although MACD’s bullish histogram indicates increasing buying pressure, RSI at 45.72 is neutral and Supertrend is bearish ($918.98). Price below EMA20 creates a short-term bearish bias. Volume is at daily average, no sudden spike – sideways continuation likely. Speed analysis: volatility low in last 4 hours (%1.2), but watch for volume explosion on $890 test. For momentum shift, RSI above 50 and MACD line crossover are key; currently suitable for scalping, stay sidelined for swings. Risk management: limit positions to %1 risk, use quick invalidations ($890 for longs, $905 for shorts).

Short-Term Scenarios

Upside Scenario

Hold at $890.3711 support + breakout at $904.9728: quick move to $919.0376, target $926.0294 (score:45). Trigger: 1H candle close above $905 + volume increase. Probability medium (%40), MACD-supported. Invalidation: break of $890. In this scenario, follow BNB Spot Analysis, ideal for scalping longs.

Downside Scenario

Break of $890.3711: drop to $874.0444, target $850.8083 (score:25). Trigger: EMA20 rejection + RSI below 40. Probability high (%55), Supertrend bearish. Invalidation: return above $895. In this case, leveraged shorts can be considered with BNB Futures Analysis, but don’t overdo the risk.

Bitcoin Correlation

BNB is highly correlated with BTC (%0.85); BTC sideways at $89,617, supports at $89,541 / $88,744 / $87,635. If BTC fails to break $90,777 resistance, pressure continues on altcoins – BNB $890 risk increases. BTC Supertrend bearish, so stay cautious; if BTC holds $89,541, BNB $905 breakout possible. Key BTC watch: $90,777 – synced with BNB resistance. If BTC turns down, BTC dominance rises, triggering BNB downside scenario.

Daily Summary and Watch Points

– Key watch: $890.37 support, $904.97 resistance.
– Momentum shift: RSI 50+, MACD crossover.
– BTC impact: if $89,541 holds, BNB long bias.
– Risk: expect %2+ volatility short-term, capital at %1 risk.
– Summary: BNB squeezed sideways, awaiting breakout – be patient, watch for false moves. End-of-day close around $895 extends sideways.