Binance Coin Slips 1% As Bulls Aim To Hold Above $844 Support

According to Crypto Tony, bulls are focused on defending the $845 support, a level that could determine whether momentum continues or a correction unfolds. At the same time, That’s My Quant noted $850 as a profit-taking zone, trimming 30% of holdings after its sharp 230% rally from its previous base.

Currently trading around $844, the asset reflects minor declines while consolidating just below recent highs. BNB’s price action signals caution as traders weigh Binance’s dominance and steady activity against the risk of a pullback.

BNB Crypto Bulls Defend Key Support at $845

Binance Coin faced downward pressure this week, trading at $844.64 after recording a 1.23% decline over the last 24 hours. According to analyst Crypto Tony, bulls are attempting to defend the $845 level, which has emerged as an important support zone following a strong rally in recent weeks. Additionally, the weekly chart shows that price action has slowed near this mark, suggesting that holding the level could be essential in preserving market structure.

BNBUSD Chart | Source: x

The recent surge pushed the token to highs around $870 before consolidation set in. Therefore, maintaining stability above $845 would help prevent deeper losses and may allow the token to retest previous highs. Failure to hold the line could expose the market to further selling pressure, with analysts pointing to potential downside levels between $745 and $760 as the next area of interest.

Profit-Taking Near $850 Levels

Analyst That’s My Quant noted that the BNB coin price had reached a profit-taking zone near the $850 mark. In a recent update, the analyst reported trimming 30% of holdings at this level, citing caution after the coin’s extended rally. The move reflects a strategic approach, locking in profits after the altcoin recorded a surge of over 230% since its last major consolidation phase.

BNBUSDT Chart | Source:x

This profit-taking activity demonstrates that market participants are closely watching the $850 region as both a resistance and a potential reversal area. By partially exiting positions, traders retain exposure to potential upside while reducing risk in the event of a pullback. Hence, the approach signals that confidence in its long-term trajectory remains intact, even as short-term caution emerges at higher levels.

Trading Volume and Market Activity

The token’s market capitalization currently stands at approximately $117.5 billion, with daily trading volume recorded near $919 million. Trading activity remained steady, averaging around $886 million during the observed period, but this level of participation has not yet generated a decisive breakout in either direction.

BNBUSD 24-Hr Chart | Source: BraveNewCoin

Intraday price movement showed early declines from $852, with the token dipping as low as $843 before stabilizing. Short recovery attempts lifted the price toward $846–$848, but these moves lacked strong momentum. The overall market action points to a phase of consolidation, where both buyers and sellers are maintaining caution as they await clearer direction.

Short-Term Outlook for Binance Coin

Analysts suggest that the immediate test lies in sustaining the $844–$845 support range. If this level holds, bulls may attempt another upward push toward the $850 resistance area. A successful breakout above that level could renew buying pressure and open the path toward retesting recent highs.

Conversely, if the token fails to remain above the current support zone, further downside could emerge. Traders are monitoring the weekly close to determine whether momentum will favor buyers or sellers. Both short-term traders and long-term holders are adjusting strategies, making upcoming sessions crucial for the coin’s direction.