Daily chart BNB/USDT
After reaching the $1,300 mark, the BNB token began to decline, losing about 10% in a day and almost 13% from the recent peak. Despite the short-term weakness, the technical picture does not yet indicate the end of the global bullish cycle.
Overbought and overheating signals
Weekly chart BNB/USD
Since the end of July, BNB has updated its all-time highs several times, which naturally led to an increase in overbought indicators. On the weekly chart, the RSI reached 81, after which it corrected to 71 — still above the comfortable range.
According to analyst Saint, the RSI on several timeframes remains in a zone indicating possible consolidation and partial decline: “Current values are typical for a cooling phase after aggressive growth.”
This dynamic has been observed before. In 2021, strong overbought conditions preceded a 70% drop, and in the summer of 2024, the token lost 44%. If the pattern repeats, the $1,000 area may become a natural target for a local correction.
Technical structure: signs of trend weakening
Four-hour chart BNB/USD
On the four-hour BNB/USD chart, a ‘double top’ pattern is forming — a classic reversal signal. A potential move to the support line around $1,000 would correspond to a possible drop of about 15% from current prices.
An additional indicator is the bearish divergence between price and RSI. While quotes are updating highs, the oscillator shows lower values, indicating momentum exhaustion. In such cases, traders often take profits, provoking short-term pullbacks.
The nearest support levels are in the $730–$860 range. Here lie the 20-week and 50-week moving averages — zones that have previously served as a buffer during sell-offs.
Macro level: uptrend remains
Monthly chart BNB/USD
Even taking the correction into account, the structure of the higher timeframes remains positive. On the monthly chart since October 2023, a ‘bull flag’ pattern has been developing, suggesting the formation of a new wave of growth.
If the price manages to consolidate above $1,350, analysts predict a move to $1,600 and then to $2,000–$2,100. These levels coincide with the technical targets of the pattern and may become the next benchmarks for buyers.
The market remains optimistic
According to analyst Henry, the decline is a “healthy correction” within a sustainable uptrend. “BNB continues to show strength. If the pace continues, the token could overtake Ethereum by market cap. The target remains the same — $2,000,” the expert noted.
Other analysts add that activity on the Binance network remains high. User compensations totaling $283 million have strengthened trust in the ecosystem and reduced market pressure. These factors form a foundation for a new impulse as soon as the market completes the correction phase.
What’s next?
The key level to watch is $1,000. If buyers hold this mark, the correction will remain technical and limited. A breakdown below will open the way to the $860 and $730 zones, where medium-term supports are concentrated.
In the long term, the bullish scenario remains. As long as the ‘flag’ pattern persists on the higher timeframes, BNB has a chance to resume growth and possibly update record highs closer to the end of the year.
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