BNB Technical Analysis on August 4, 2025: Will the Uptrend Persist?

A technical analysis of BNB on August 4, 2025, exploring support, resistance, and indicators to forecast market trends.

BNB, the native token of the Binance ecosystem, has long been a cornerstone of the crypto market. As of August 4, 2025, BNB is trading around $752.70, consolidating after a remarkable rally. Is this a springboard for new highs, or are we in for a correction? Let’s dive into the charts and indicators to unpack what’s next for BNB. Current Market Overview BNB is currently oscillating within a defined range, with support at $701 and resistance at $768. This consolidation follows a recent peak near $858. The daily chart shows BNB within a long-term ascending channel, though recent slowdowns in momentum have made traders more cautious. The 24-hour trading volume sits at about $2.7 billion, indicating strong liquidity, albeit slightly lower than during the rally’s peak. Key Support and Resistance Zones The primary support zone lies between $701 and $720, with a critical level at $701. A break below this could lead to a deeper pullback toward $675. On the upside, resistance levels at $768 and $861 are significant barriers. A breakout above these could push BNB toward its previous high of $858 or beyond. Some believe clearing $861 could spark a stronger bullish move. Indicator Insights The Relative Strength Index (RSI) is hovering around 55, reflecting neutral momentum. This level is neither overbought nor oversold, suggesting the market is in a state of balance. However, a move above 60 could signal a return of bullish momentum. The MACD indicator shows a weak bearish signal, with the MACD line nearing the signal line. This could hint at fading momentum, but no clear reversal signal has emerged yet. Chart Patterns and Scenarios A recent 4-hour chart reveals a symmetrical triangle pattern, often a sign of consolidation before a significant move. A breakout to the upside could see prices test $768, with a confirmed move potentially targeting $861. On the flip side, a break below $701 might lead to a test of $675 or even $601. Some analysts suggest BNB could sweep liquidity around $685 before resuming its uptrend. Broader Market Influences Beyond technicals, fundamentals play a role. Binance’s ongoing ecosystem expansion and periodic token burns continue to bolster investor confidence. The reduction in token supply through burns can create upward price pressure. However, BNB’s correlation with the broader crypto market, particularly Bitcoin, means a market-wide correction could weigh on its price. Can BNB hold its ground amid market volatility? Trading Strategy For short-term traders, buying near the $701 support with a stop-loss below $690 could be a reasonable setup, targeting $768. Long-term traders might wait for a confirmed breakout above $861 to reduce risk. In crypto’s volatile landscape, risk management is key—never allocate more than you’re willing to lose, and always use stop-losses. Wrapping Up On August 4, 2025, BNB stands at a pivotal moment. Key support at $701 and resistance at $768 and $861 will shape its next move. Indicators suggest a neutral stance with bullish potential, but traders should stay vigilant for trend confirmation. Will BNB soar to new heights? With careful risk management and attention to market signals, traders can navigate this dynamic asset with confidence.