BNB Price Breaks $872 Resistance Despite 4% Weekly Decline – Key Levels to Watch
The post BNB Price Breaks $872 Resistance Despite 4% Weekly Decline – Key Levels to Watch appeared on BitcoinEthereumNews.com.
Jessie A Ellis Sep 07, 2025 10:26 BNB price trades at $872.30 (+1.62% daily) after breaking resistance, but weekly decline signals caution as sideways trading expected between $870-$900. Quick Take • BNB currently trading at $872.30 (+1.62% in 24h) • Binance Coin breaks key resistance at $872.81 but faces bearish MACD momentum • Recent 4% weekly decline attributed to profit-taking and contract transfer pause on Binance What’s Driving Binance Coin Price Today? BNB price action reflects a tale of two timeframes this week. While the token posted a modest 1.62% gain in the past 24 hours, Binance Coin experienced a more significant 4% decline over the past week, creating mixed signals for traders. The recent weakness stems from profit-taking activity and a temporary pause in contract transfers on the Binance platform, which occurred on August 31st. This technical disruption, though brief, contributed to reduced trading activity and selling pressure on BNB/USDT pairs. However, the narrative shifted when BNB price successfully broke through the $872.81 resistance level on August 28th. This breakout represents a key technical milestone, though analysts remain cautious about the sustainability of any immediate upward momentum. Market consolidation appears to be the dominant theme, with trading volume on Binance spot reaching $118,177,653 in the past 24 hours – indicating healthy liquidity despite the mixed price signals. Binance Coin Technical Analysis: Neutral Signals Amid Consolidation The Binance Coin technical analysis reveals a market caught between bullish structure and bearish momentum indicators. BNB’s RSI currently sits at 57.95, placing it firmly in neutral territory and suggesting neither overbought nor oversold conditions. The most telling indicator comes from Binance Coin’s MACD, which shows a bearish histogram of -3.0998. This suggests that despite the recent resistance break, momentum may be waning in the short…
