NewsBTC
Sep 5, 2025
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BNB Price Struggles Below $850 with Support Near $842

BNB Price Update

  • BNB is consolidating below the $850 mark.
  • The price has dropped below the $855 support zone.
  • A contracting triangle is forming with support at $845 on the hourly chart.
  • The price must stay above $840 to initiate another increase.

Price Movement

After failing to surpass $868, BNB corrected below $865 and $855. It briefly tested a low of $842 but is now attempting to recover.

  • The price is currently under $850 and below the 100-hourly simple moving average.
  • Resistance levels are at $850 and $855, with significant resistance near the 61.8% Fib retracement level from $864 to $842.
  • A move above $855 could lead to tests of $865 and potentially $880.

Potential Decline

If BNB does not overcome the $855 resistance, it may decline further.

  • Initial support is at $845, followed by $842.
  • Major support is located at $835; a drop below this level could see prices fall toward $820 and possibly $800.

Technical Indicators

  • Hourly MACD shows weakening bullish momentum.
  • RSI is currently below 50.