BNB Rally Gains Steam as Key Resistance Turns Into Support
The post BNB Rally Gains Steam as Key Resistance Turns Into Support appeared on BitcoinEthereumNews.com. TL;DR BNB flipped last year’s high into support, holding strong demand around the $780–$800 zone. Leveraged shorts cluster at $895, where a breakout could trigger cascading liquidations upward. Open interest at $1.49B signals heavy leverage, raising chances of sharp, liquidation-driven moves. Breakout Above Yearly High BNB moved above last year’s high, which has now turned into a support level. Analyst Crypto Bully called it “one of the best looking charts” and noted that the market is paying little attention to it. $BNB One of the best looking charts and simultaneously the least mentioned of. Price action has been very clean as of recently, we got above last year high which acted as support. As it stands, there’s not much levels to trade since we’re in price discovery however any move… pic.twitter.com/xprjeFaFgB — Crypto Bully (@BullyDCrypto) September 8, 2025 The token trades at around $880 at press time, with a daily volume of $1.10 billion. BNB has gained 1% in the past 24 hours and 3% over the week. The zone around $800 is marked as demand. Any return toward this area could attract bids, though falling back into the previous yearly range would weaken the setup. Meanwhile, BNB is consolidating under $900 after a strong run. With no major resistance levels overhead, the token is in price discovery. In this phase, the market has no defined ceiling, and movement depends on how long demand holds above support. Crypto Bully explained, “Any move back towards the level marked on chart should be a good bid with invalidation being super tight.” The $780–$800 area remains the key level for buyers to watch. Liquidity Cluster at $895 Market watcher CW pointed out a concentration of leveraged short positions near $895. They said, “these positions will be liquidated significantly if price rises to $895.”…
The post BNB Rally Gains Steam as Key Resistance Turns Into Support appeared on BitcoinEthereumNews.com.
TL;DR BNB flipped last year’s high into support, holding strong demand around the $780–$800 zone. Leveraged shorts cluster at $895, where a breakout could trigger cascading liquidations upward. Open interest at $1.49B signals heavy leverage, raising chances of sharp, liquidation-driven moves. Breakout Above Yearly High BNB moved above last year’s high, which has now turned into a support level. Analyst Crypto Bully called it “one of the best looking charts” and noted that the market is paying little attention to it. $BNB One of the best looking charts and simultaneously the least mentioned of. Price action has been very clean as of recently, we got above last year high which acted as support. As it stands, there’s not much levels to trade since we’re in price discovery however any move… pic.twitter.com/xprjeFaFgB — Crypto Bully (@BullyDCrypto) September 8, 2025 The token trades at around $880 at press time, with a daily volume of $1.10 billion. BNB has gained 1% in the past 24 hours and 3% over the week. The zone around $800 is marked as demand. Any return toward this area could attract bids, though falling back into the previous yearly range would weaken the setup. Meanwhile, BNB is consolidating under $900 after a strong run. With no major resistance levels overhead, the token is in price discovery. In this phase, the market has no defined ceiling, and movement depends on how long demand holds above support. Crypto Bully explained, “Any move back towards the level marked on chart should be a good bid with invalidation being super tight.” The $780–$800 area remains the key level for buyers to watch. Liquidity Cluster at $895 Market watcher CW pointed out a concentration of leveraged short positions near $895. They said, “these positions will be liquidated significantly if price rises to $895.”…
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