🔹 Current Market (1H & 4H)
On the 1H (hourly) chart, $BNB is moving within a consolidation zone of $840–850 USDC. Recent candles show narrow bodies with long wicks, indicating indecision and a clear battle between buyers and sellers. RSI hovers around 49–50, reflecting neutral market conditions, while MACD remains flat, with both lines almost overlapping — highlighting a market in a waiting phase. Lack of directional signals makes upcoming volume the decisive factor for short-term movement.
On the 4H (four-hour) chart, the trend can still be interpreted as moderately bullish, though signs of slowdown are visible. $BNB continues to hold above the key support zone of $830–840, which has repeatedly acted as a reversal area where buyers became active again. On the resistance side, the $860–870 range remains a ceiling that has rejected price multiple times. A breakout above this zone, backed by strong volume, could open the way toward $900–920, and eventually $940.
Fibonacci retracement (swing $760 → $890):
38.2%: $845 (current defense level),
50%: $825 (important mid-term support),
61.8% (golden pocket): $805,
Extension 1.618: $940 (potential bullish target if breakout occurs).
Volume: market activity has weakened compared to the rally at the end of July. Bullish candles were supported by lower volume, while corrective moves came with higher volume, hinting at a slight advantage for sellers. However, no panic sell-off is visible — strong support levels are still being defended, showing bulls are holding ground.
🔹 Yesterday’s Recap (August 18)
Yesterday $BNB attempted to break above $860, but lack of buying volume led to a quick rejection and pullback toward $845. Despite this, the $840–842 zone once again held as support, confirming its role as a key defense level.
The entire session was marked by limited volatility, with the market clearly waiting for new signals from broader crypto leaders (BTC and ETH), which could guide BNB’s next major move.
🔹 Forecast – Possible Scenarios
Bullish Scenario:
If $840–845 holds, BNB could bounce toward $860–870. A breakout above this zone, supported by increased volume, would pave the way to $900–920. Under favorable conditions, a further rally to $940 (Fibo 1.618) becomes possible. For this scenario to materialize, RSI must break above 55 and MACD should give a clear buy signal.
Bearish Scenario:
If BNB fails to hold $840, a deeper correction could unfold. The first bearish target is $830, followed by $820–815. Losing $815 may trigger a stronger decline toward $805–800 (61.8% Fibo).
🔹 Long Scenario (bullish trade setup)
Entry: $845–847 (bounce from support),
Stop Loss: $839–840,
Take Profit 1: $860,
Take Profit 2: $870,
Take Profit 3: $900–920 (extension to $940).
Recommendation: Longs only if supported by increasing buying volume and a confirmed bounce. Otherwise, the risk of a fake rebound remains high.
🔹 Short Scenario (bearish trade setup)
Entry: below $840 (confirmed 1H close),
Stop Loss: $850,
Take Profit 1: $830,
Take Profit 2: $820,
Take Profit 3: $815–805.
Recommendation: Shorts only if the $840 support breaks decisively with strong selling volume.
🔹Summary
BNB is currently balancing in the critical $840–850 zone, where the next trend direction will be decided. Holding this support may trigger another bullish wave with targets at $900–940. Losing it, however, could open the door for a deeper correction. The key factor to monitor is volume, which will confirm whether the market prepares for a breakout rally or a drop.
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