
财经少华|Sep 01, 2025 05:12
According to Binance market data, Binance Coin (BNB) has dropped 4% in the past week, reversing the bullish momentum from the previous month. BNB surged 30% over 60 days, reaching a peak of $873.73 on August 14. However, as the overall crypto market declined in the past 24 hours, investors seem to be cashing out.
Following Binance's suspension of contract transfers last Friday, the BNB token also saw a slight dip, leading to a price drop. The value of BNB is closely tied to the success and expansion of Binance's products and services.
That said, BNB's decline reflects a natural consolidation after a strong rebound, amplified by the risk-averse sentiment across the industry. BNB's short-term momentum depends on whether it can hold the $835 support level. Since August 20, BNB has not fallen below this support, showing strong upward momentum. Heading into September, Binance Coin's year-to-date trading performance remains solid and is expected to continue this trend.
BNB is approaching a strong weekly trendline that could significantly hinder its upward movement. If BNB fails to break through this trendline, its price may plummet and be forced to seek lower price points.
If BNB successfully breaks through this trendline, its price could easily surpass $890 to $900 in a new bullish wave. Despite hitting all-time highs, BNB is currently nearing one of the strongest weekly trendline resistance levels in the $890 to $920 range. A large number of short positions are concentrated in this area, and if the price fails to break through, a significant pullback could occur.
Moderate growth is expected in September. Based on current predictions for Binance Coin's price, BNB is expected to rise 7.75%, surpassing $900 by the end of September 2025.
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