#Binance Coin ($BNB ) Price Analysis โ Is the Correction Deepening, or is a New Rally Imminent?
Binance Coin (#BNB ) recently reached the $860 resistance level, signaling a strong bullish move to investors. However, a short-term correction following the rejection from this resistance pulled the price below the $800 psychological support. This pullback raises questions about whether the uptrend has ended or whether a period of consolidation has begun before a new rally. In this article, we examine BNB's current technical outlook, support and resistance zones, and potential scenarios in detail.
๐ Current Price and Fundamental Indicators
Current Price (July 31, 2025): $807.25
24-Hour Change: 2.50% increase
24-Hour Trading Volume: $2.92 billion
Market Capitalization: $117.51 billion
BNB retreated to $796 after being rejected at $860. This move, along with the price breaking below the 23.6% Fibonacci retracement level, fueled signals of technical weakness. However, significant buyer interest is still observed around $800.
๐ Critical Support Zones and a Bearish Scenario
The first significant area where BNB is showing resistance to downward pressure is around $800. This level is a significant threshold, both psychologically and technically.
First support zone: $800
Second support zone: $777-775
Main support line: $735-725
If downward momentum increases and the bulls fail to defend the $800 level, the price is likely to fall to $775 and then to $735. The $735-725 range, in particular, stands out as an area that has both historically acted as resistance and harbors high liquidity.
๐ Possible Recovery Scenario and Targets
The bull trend line on Binance Coin's daily chart has not yet been broken, indicating that the price is still in an upward channel. If the bulls can defend the $800 level and break above the $820 resistance, an upward recovery could occur in the short term.
First resistance level: $810
Second resistance level: $820
Major resistance: $845
Breakout target: $860
Rally extension target: $880 and potentially the ATH (All-Time High)
As noted by leading analysts like Crypto_Jobs, negative divergences that may occur on higher timeframes should be closely monitored. However, if the bulls can push the price above $820, this could technically spark a new upward wave.
๐ง Strategic Commentary and Investor Warning
For bullish positions: A break above $820 and an increase in volume could create short-term buying opportunities towards the $845-$860 levels.
Against a bearish scenario: If the price persists below $800, stop-loss levels should be set, maintaining a bearish expectation until around $775.
Volatility warning: Given the sudden changes in direction experienced in the crypto market, it is recommended to wait for clear signals for new purchases.
๐ Conclusion: The Search for Direction Continues
While Binance Coin is technically still in a bull market, short-term correction pressure is felt following the sharp rejection at $860. Price movements around $800 are critical for investors. If the bulls can maintain this level, BNB could retest the $860 resistance with a new upward move. Otherwise, the support zones of $775 and below could resurface.
