BNB Price Tests $851 Support as Binance Coin Faces Profit-Taking Pressure
Rebeca Moen Sep 02, 2025 10:56
Binance Coin trades at $851.26 after a 4% weekly decline, with technical indicators showing mixed signals as traders take profits following recent rally.
Quick Take
• BNB currently trading at $851.26 (-0.32% in 24h) • Binance Coin's RSI at 53.09 suggests neutral momentum with potential for direction change • Recent 4% weekly decline attributed to profit-taking and temporary contract transfer pause on Binance
What's Driving Binance Coin Price Today?
The BNB price has been under pressure over the past week, declining 4% as investors cash in gains from the previous bullish rally. This selling pressure coincided with a temporary pause of contract transfers on Binance, which created additional uncertainty in the market.
Recent price action suggests traders are taking a more cautious approach after BNB's strong performance earlier in the month. While the token showed signs of recovery around August 28 with potential to retest the $900 mark, decreasing trading volume indicated that buyers needed more time to build momentum for sustained upward movement.
Adding to market concerns, Binance CEO Richard Teng recently warned users about fraudulent support calls attempting to steal BNB through API manipulation. This security alert has heightened awareness among traders, potentially contributing to more conservative trading behavior in the BNB/USDT pair.
BNB Technical Analysis: Mixed Signals Point to Consolidation Phase
Binance Coin technical analysis reveals a market in transition, with the current price of $851.26 sitting between key moving averages. The BNB RSI reading of 53.09 places the token in neutral territory, suggesting neither oversold nor overbought conditions.
The moving average structure shows Binance Coin maintaining strength above longer-term trends, with the price significantly above the 200-day SMA at $673.71. However, BNB is trading below the shorter-term 7-day SMA of $858.22, indicating recent weakness.
Binance Coin's MACD histogram at -5.2421 signals bearish momentum in the near term, while the Stochastic indicators (%K at 39.80, %D at 40.13) suggest the token is approaching oversold territory without quite reaching it.
The Bollinger Bands analysis shows BNB positioned at 0.4423 between the bands, indicating the price is below the middle band but not at extreme levels. This positioning suggests room for movement in either direction.
Binance Coin Price Levels: Key Support and Resistance
Based on current Binance spot market data, Binance Coin support levels are clearly defined. The immediate support sits at $812.57, which aligns closely with the lower Bollinger Band at $818.89. A break below this level could send BNB toward the strong support zone at $675.30.
On the upside, BNB resistance remains at the $900.71 level, which also represents the 52-week high of $900.21. This psychological barrier has proven significant, as evidenced by the recent pullback from these levels.
The pivot point at $849.31 serves as a crucial reference level for intraday trading. BNB price action above this level suggests bullish bias, while trading below indicates potential for further downside.
Should You Buy BNB Now? Risk-Reward Analysis
For swing traders, the current BNB price offers an interesting risk-reward setup. The token sits near the middle of its recent trading range, with clear support and resistance levels defined. Conservative traders might wait for a test of the $812 support level before considering entry.
Aggressive traders could consider the current level attractive, given that Binance Coin remains well above major moving averages and the overall trend classification remains "Very Strong Bullish." However, risk management is crucial, with stop-losses recommended below the $812 support level.
Long-term investors may view the recent weakness as a healthy correction within an uptrend. The distance from the 200-day SMA provides a significant cushion, suggesting the broader trend remains intact despite recent selling pressure.
Day traders should monitor the $849 pivot level closely, as breaks above or below this level could signal intraday direction. The Average True Range of $29.22 indicates substantial volatility, providing opportunities for active traders.
Conclusion
Binance Coin faces a critical juncture as profit-taking pressure meets technical support levels. The BNB price at $851.26 represents a test of near-term support, with the next 24-48 hours likely to determine whether buyers step in or further weakness develops. Traders should watch for volume confirmation of any directional move, as the recent decrease in trading activity suggests market participants are waiting for clearer signals. The $812-$849 range will be crucial for determining BNB's next significant move.
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