BNB’s $850 Woes: Is Crypto’s Moment Gone? 💸💸

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BNB is taking a nap below $850, and it’s not looking very excited about it. 🛌💸 The price is now facing hurdles near $855, which is basically the crypto equivalent of a “Don’t even think about it” sign. 🚫

  • BNB is taking a step back, like a toddler after a sugar rush, and now it’s chilling below $855. 🍬📉
  • The price is now trading below $850 and the 100-hourly simple moving average. It’s like the market is saying, “You’re not going anywhere, BNB.” 🧠
  • A short-term contracting triangle is forming with support at $845. It’s like a game of “Guess the Next Move” but with more numbers and fewer clues. 🧩📈
  • The pair must stay above $840 to avoid a full-blown meltdown. It’s the crypto version of “Don’t cross me.” ⚠️

BNB’s Descent: A Tale of Two Dollars

After a steady increase, BNB price failed to clear the $868 zone. It’s like trying to jump over a puddle and landing in a swamp. 🌊📉 Like Ethereum and Bitcoin, BNB is now playing the “I’m not falling, I’m just… pausing” game.

The price even dipped below $850 and tested $842. A low was formed at $842, and the price is now attempting a fresh increase. It’s like the market is saying, “Okay, let’s try again… but maybe don’t be so dramatic.” 🤷‍♂️

The price is now trading below $850 and the 100-hourly simple moving average. Besides, there’s a short-term contracting triangle forming with support at $845. It’s like a puzzle that’s just… not making sense. 🧩

On the upside, the price could face resistance near $850. The next resistance sits near $855 and the 61.8% Fib retracement level. A clear move above $855 could send the price higher, but only if the market feels like cooperating. 🤷‍♀️

In the stated case, BNB price could test $865. A close above the $865 resistance might set the pace for a larger move toward $880. Any more gains might call for a test of the $888 level in the near term. It’s like the market is saying, “Sure, why not?” 🤔

Another Decline? Let’s Not Get Ahead of Ourselves

If BNB fails to clear $855, it could start another decline. Initial support on the downside is near $845. The next major support is near $842. It’s like the market is offering a safety net, but it’s probably just a trampoline. 🪨

The main support sits at $835. If there’s a downside break below $835, the price could drop toward $820. Any more losses could initiate a larger decline toward $800. It’s like watching a slow-motion car crash, but with numbers. 🚗💥

Technical Indicators

Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. It’s like a runner who’s tired but still pretending they’re not. 🏃‍♂️💤

Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. It’s the crypto version of “I’m not angry, I’m just… disappointed.” 😞

Major Support Levels – $842 and $835. These are the market’s “I’m not going down” zones. 🛡️

Major Resistance Levels – $855 and $865. These are the market’s “Don’t even think about it” signs. 🚫

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2025-09-05 08:13