Technical analysis for BNB
Based on recent data up to August 31, 2025, the price of BNB shows strong positive performance, currently trading around $863-864, with an increase of 0.75-0.83% over the past 24 hours, and a weekly increase of 3.56%. The market capitalization is approximately $120.2 billion, with a daily trading volume exceeding $1.7 billion, reflecting high liquidity and increasing interest from institutional and retail investors. The currency has recorded a new all-time high (ATH) of $899.70 on August 22, 2025, and is now in a price discovery phase after breaking previous resistance levels.
Main technical indicators:
• Moving Averages: On the daily and weekly charts, BNB is trading above the 50-day simple moving average (SMA 50) at around $859, and the 200-day moving average (SMA 200) which has been rising since July 2025, indicating a strong long-term bullish trend. The SMA 7 at $859.44 acts as immediate support. Overall trend: Strong bullish on short and medium time frames, with strong 'buy' signals for the week and month.
• Relative Strength Index (RSI): Stands at 55.32-55.70 on the daily frame, indicating a neutral state with room to rise without reaching overbought territory (Overbought above 70). On shorter frames (4 hours), it reaches 92-98, warning of a potential short-term correction to cool the market.
• MACD (Moving Average Convergence Divergence): Shows a bullish crossover on the daily frame, but has a slight bearish divergence (-3.58) on the weekly frame, indicating weak short-term momentum but does not negate the overall bullish trend. The Histogram supports the continuation of the bullish trend if it maintains its levels.
• Bollinger Bands: BNB is trading in the middle (0.57) between the limits, with the upper limit at $892.66 (potential resistance) and the middle limit at $854.78 (dynamic support). This indicates a balance between buying and selling pressure, with the potential for widening the range if volume increases.
• Chart Patterns:
◦ on the weekly frame: Bullish 'Cup and Handle' pattern, with a break of the downward trend line and a potential QM (Quasimodo) or HNS (Head and Shoulders Inverse) pattern, supporting continued upward movement.
◦ on the daily frame: Break of resistance at $869, with a potential but uncertain bearish ABCD pattern, maintaining structure above the EMA 9 (around $782).
◦ Overall trend: Bullish, with buying momentum exceeding selling by 50% in some analyses.
• Support and Resistance Levels:
◦ Support: $850-858 (immediate and weekly support), then $800-812 (psychological and historical support), and $750 if a larger drop occurs. Breaking below $845 negates the bullish trend and opens the door for a correction to $797-800.
◦ Resistance: $870-890 (immediate resistance), then $900-963 (previous ATH and Fibonacci extension), with a key target at $1000 (+15-20% from the current price).
• Volume and Momentum: Trading volume is high ($85-170 million daily), with an increase in open interest. Volatility (ATR) is average at $29.96, indicating the potential for a movement of $30+ if resistance breaks. The Fear & Greed Index is neutral at 47, with 53% green days in the past 30 days.
Overall trend and forecasts:
• Short-term (this week): Bullish with potential slight correction (dip) due to overbuying. Target: $880-900 if it maintains $850.
• Medium-term (month): Strong bullish, with 'buy' signals from averages and oscillators. Forecast to reach $920-940 by the end of September.
• Long-term (2025): Positive outlook, with an average price of $790-886, a maximum reaching $1000-1280, supported by BNB Chain upgrades (like Era 3 and Lorentz Hardfork) and token burns (31% of the supply burned so far), along with institutional inflows (like VanEck's ETF and $1.7 billion investments).
The market is affected by news such as token burns (1.6 million BNB in Q2 2025 worth $1.024 billion) and DeFi expansion (TVL $13 billion), but risks include geopolitical and regulatory volatility (like MiCA in the EU).
Trading recommendations for this week (August 31 - September 6, 2025)
Based on technical analysis and forecasts, it is advisable to follow a cautious strategy with a focus on the bullish trend, but with risk management due to the potential for short-term correction. Remember that trading involves risks, and personal research (DYOR) should be conducted, consulting specialists. Do not invest more than you can afford to lose.
1 Buy (Long Position):
◦ Entry point: at $850-858 (strong weekly support, or after a slight correction).
◦ Take Profit targets:
▪ TP1: $880-890 (immediate resistance, +3-4%).
▪ TP2: $900-920 (breaking ATH, +5-7%).
▪ TP3: $940-963 (monthly target, +9-12%).
◦ Stop Loss: below $845 (to protect from a support break, -2-3% from entry).
◦ Reason: Strong upward trend, supported by volume and patterns (like Cup and Handle). If it maintains $800, the path is clear towards $1000 by the end of the year.
2 Short Sell (Short Position) - for advanced speculators only:
◦ Entry point: at $890-900 (if it fails to break, with a bearish signal from RSI or MACD).
◦ Take Profit targets: $850 (slight correction, +3-4%), then $800 if the decline continues.
◦ Stop Loss: above $905 (to protect from continued bullishness).
◦ Reason: Potential short cooling due to overbuying (CRSI 92+), but this is high risk due to the overall bullish trend.
3 General strategy:
◦ Focus: Use low leverage (1-5x) or spot trading to avoid volatility. Monitor news like ETF progress or upcoming token burns, which may push the price upward.
◦ Risks: The overall market (like Bitcoin) affects BNB (correlation 0.8+), and regulations (like the SEC) may cause a decline. If it drops below $800, consider a full exit.
◦ Advice: Allocate 5-10% of the portfolio to BNB as a long-term investment, with diversification. Follow daily updates through platforms like TradingView or CoinMarketCap.
This analysis is based on recent data and is considered predictive; the market is volatile, so be cautious.