BNB in Trouble? Bears Are Circling, and $800 is the Last Line of Defense

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TL;DR

  • BNB drops 2% from its glorious all-time high; now the $800 support zone is under the magnifying glass. 📉
  • Futures Open Interest falls 1% to $1.48B; traders are slowly slinking away after the euphoria. 🙄
  • B Strategy’s $1B treasury is ready to fuel BNB projects, with “stricter governance” promised. Sure. 🧐

Price Stumbles After the Party

BNB, having basked in the glow of its $900 peak just days ago, is now licking its wounds at $840-a 2% drop in the last 24 hours. A mere three days ago, it was riding high at an all-time high of $900 on August 22. In the past week, it has been mostly flat, like the awkward silence after someone cracks a bad joke.

On the charts, a bearish pattern is trying to take form, and it’s been spotted by Alpha Crypto Signal. The ABCD pattern? It’s like the ABCs of bad news, with the last leg topping out near $900. The price is pulling back, but the party isn’t over… yet. BNB is still above the 50-day moving average near $782.60, though it’s slipped beneath the 9-day average ($853.44). Make of that what you will.

Source: X

Everyone is keeping their eyes on the $800-$820 zone. It’s been a trusty support zone for weeks, kind of like the guy who always orders fries when no one else can decide. If BNB can stay above it, the sell-off might take a breather. But if it dips below, brace yourselves for a flood of selling.

Trading volume has also taken a nap, suggesting that while the buyers are chilling, sellers aren’t exactly breaking down the door. The pattern is still in flux. A solid move below $800 would confirm a structural break. In other words, hold your breath and pray for $800. 🙏

Futures Data Shows Traders Taking a Breather

The Open Interest on BNB futures dropped by 1%, now sitting at $1.48 billion. Futures trading volume also slid by 9%, down to $1.88 billion. This shows that traders are starting to dial down their enthusiasm after the price reached the peak of glory.

Even though Open Interest has dipped, it’s still sitting pretty high compared to recent months. If BNB finds its footing again, expect traders to jump back in. But if not, the “long” party might be over, and more positions could close.

Source: Coinglass

New Treasury Fund: A Bigger Piggy Bank for BNB

B Strategy has unveiled plans for a shiny new $1 billion BNB treasury. Backed by YZi Labs, this fund is designed to breathe life into new projects and community growth on the BNB Chain. Sounds impressive, right?

Meanwhile, the BNB Network has supposedly oversubscribed its $500 million fundraising round. But… don’t get too excited. After Windtree Therapeutics got booted from Nasdaq because of its BNB holdings, caution is the name of the game. In response, B Strategy has promised a tighter grip on governance-because who doesn’t love more oversight? 🙃

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2025-08-27 06:21