BNB Price Battles Below $850 – Is the Bull Run Losing Steam?

BNB's momentum hits a wall below the $850 threshold—traders watch nervously as the token struggles to reclaim its bullish trajectory.

Technical Resistance Bites Hard

Selling pressure mounts as BNB fails to break through key resistance. The $850 level isn’t just a number—it’s a psychological barrier that’s now defining short-term sentiment.

Volume Tells the Real Story

Low trading volume suggests institutional players are sitting this one out—classic big-money move, waiting for retail to panic-sell first. Meanwhile, futures open interest dips, hinting at fading leverage-driven demand.

Ecosystem Factors in Play

BNB’s utility within the Binance ecosystem usually provides a floor, but even that might not be enough if broader crypto markets remain shaky. Chain activity stays robust, though—developers keep building while traders sweat over charts.

Where’s the Next Catalyst?

Without a major upgrade or exchange announcement, BNB could drift sideways—another reminder that in crypto, sometimes the most exciting action is watching paint dry. But hey, at least it’s not another memecoin claiming to ‘disrupt finance’ while offering zero utility.

BNB Price Dips To Support

After a steady increase, BNB price failed to clear the $868 zone. There was a downside correction below the $865 and $855 levels, like Ethereum and Bitcoin.

The price even dipped below $850 and tested $842. A low was formed at $842 and the price is now attempting a fresh increase. There was a MOVE above the 23.6% Fib retracement level of the downward move from the $864 swing high to the $842 low.

The price is now trading below $850 and the 100-hourly simple moving average. Besides, there is a short-term contracting triangle forming with support at $845 on the hourly chart of the BNB/USD pair.

On the upside, the price could face resistance near the $850 level. The next resistance sits near the $855 level and the 61.8% Fib retracement level of the downward move from the $864 swing high to the $842 low. A clear move above the $855 zone could send the price higher.

In the stated case, BNB price could test $865. A close above the $865 resistance might set the pace for a larger move toward the $880 resistance. Any more gains might call for a test of the $888 level in the near term.

Another Decline?

If BNB fails to clear the $855 resistance, it could start another decline. Initial support on the downside is near the $845 level. The next major support is near the $842 level.

The main support sits at $835. If there is a downside break below the $835 support, the price could drop toward the $820 support. Any more losses could initiate a larger decline toward the $800 level.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level.

Major Support Levels – $842 and $835.

Major Resistance Levels – $855 and $865.