BNB Price Maintains Above $800 Support as RSI Indicates Momentum Shift

BNB price is currently holding above the critical $800 support level, showing early signs of stabilization following a period of downward pressure. With the Relative Strength Index (RSI) returning to neutral territory, there is potential for a shift in momentum that could lead to a price increase.

Key Takeaways

BNB price remains above the $800 support, indicating buying interest.
The RSI has returned to neutral, signaling a possible shift towards bullish momentum.
A reclaim of the Point of Control (POC) is crucial for future price movements, aiming for higher levels.
Current market dynamics suggest a shifting sentiment toward the BNB ecosystem.

BNB price defends $800 as RSI shows momentum shift.

BNB Price Stability Above Key Support

BNB price holds above $800 support as RSI returns to neutral, signaling a momentum shift - 1

The BNB price is stabilizing after facing downward pressure, remaining above the $800 support area. This level has proven significant, as shown by consistent closes above the Value Area Low, indicating strong demand. The lack of substantial selling momentum further reinforces the potential for price movement upward.

As momentum indicators show signs of normalizing, there is encouragement that the previous selling pressure may be easing, which hints at a short-term shift in market dynamics.

Technical Overview of BNB Price Action

From a price action standpoint, BNB's ability to close above $800 is a positive signal. Despite daily fluctuations, the price has not decisively closed below this level, illustrating that buyers are actively entering when the price approaches this support. This behavior contrasts with previous sell-offs that resulted in rapid declines.

The Value Area Low has acted as a support level, with price rallies following tests of this zone. When an asset remains above this lower boundary, it typically suggests confidence in higher prices rather than further declines. This situation strengthens the potential for upward movement if overhead resistance can be reclaimed.

A significant development is the reclaiming of the Point of Control (POC) on a daily close. The POC reflects the price level with the most trading volume in a recent period and acts as a pivot point between bearish and bullish momentum. Acceptance above the POC indicates a positive shift in market sentiment towards BNB Chain, especially with Changpeng Zhao backing new stablecoin initiatives, helping to remove the long-held “undervalued” label from the network.

If this reclaim maintains, it could lead to a price rotation towards the Value Area High and test resistance levels between $966 and $996. Notably, limited structural resistance exists between the POC and these higher ranges, suggesting that price could rise swiftly once momentum builds.

Momentum Normalization Indicated by RSI

Momentum indicators support a developing bullish scenario. The Relative Strength Index (RSI) has returned to neutral territory, having previously trended downward. This shift indicates that bearish momentum is fading.

Notably, the RSI is forming higher lows, signaling a trend toward increased buying interest. While the RSI alone does not guarantee a reversal, its patterns often foreshadow price changes during transitions. When the RSI stabilizes and begins to rise from weak conditions while maintaining support, the likelihood of an upward price movement increases.

The convergence of price structure and oscillator behavior indicates that BNB is moving out of a distribution phase and into a consolidation phase, marked by stronger momentum traits.

Future BNB Price Expectations

If BNB continues to maintain support at $800 and gains acceptance above the Point of Control, we could see a move towards the Value Area High and the resistance zone of $966–$996. The normalization of momentum, highlighted by the RSI returning to neutral, supports this positive outlook.

Without a decisive break in either direction, BNB is likely to retain a constructive position, with opportunities for upward movement as long as key support levels remain intact.

To date, the BNB price has increased by over 22% this year.

BNB price analysis
Source: CoinGecko