BNB Market Overview: 24-Hour Technical Summary for 2025-07-26

• BNB surged to $785.50 in early morning hours before retracing to $780.53 by midday.
• A bullish engulfing pattern formed at 03:30 ET, signaling potential short-term strength.
• RSI reached overbought territory early in the session but remains above 50, indicating positive momentum.
• Bollinger Bands widened in the morning, showing rising volatility, but price retracted toward the midline.
• Volume remained elevated during the bullish breakout, but turnover diverged slightly in the afternoon.

BNB opened at $762.11 on 2025-07-25 at 12:00 ET, reached a high of $785.50, and closed at $781.69 by 12:00 ET on 2025-07-26. Total volume for the 24-hour period was 168,523.16, with a notional turnover of $131,060,200.

Structure & Formations

BNB exhibited a strong bullish impulse between 17:00 and 21:00 ET, with a high of $785.00 acting as a key resistance level. A bullish engulfing pattern formed at 03:30 ET, indicating potential short-term strength. The price then retracted toward a midline support near $780.50, which held briefly before further consolidation. A key support level appears to be forming around $775.00–$777.00, where several consolidation phases occurred.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both rose in tandem during the morning bullish phase, confirming the uptrend. The price closed above both, suggesting continued short-term momentum. On the daily chart, the 50-period MA is approaching the 100-period MA, indicating a potential convergence and possible trend shift in the near future.

MACD & RSI

The MACD turned bullish after 18:00 ET and remained positive for most of the session, reinforcing the upward move. RSI peaked above 70 during the morning rally, indicating overbought conditions, but remained above 50 into the afternoon, suggesting ongoing momentum. A pullback toward the 50–60 RSI range could indicate a consolidation phase.

Bollinger Bands

Bollinger Bands widened significantly during the morning rally, reflecting heightened volatility. Price action then moved toward the midline of the bands before narrowing again in the afternoon, signaling a potential consolidation phase. Traders may watch for a breakout above the upper band or a retest of the lower band for directional clues.

Volume & Turnover

Volume was highest during the early morning rally, particularly between 17:00 and 20:00 ET, when large bullish candles formed. However, in the afternoon, price remained elevated while turnover slightly declined, suggesting a potential divergence. This may indicate waning conviction in the current rally, warranting caution in near-term trading decisions.

Fibonacci Retracements

On the 15-minute chart, the pullback from $785.50 found initial support at the 61.8% Fibonacci level near $781.00–$782.00, which held during the afternoon. A retest of the 38.2% level near $778.00 may occur if bearish momentum increases. On the daily chart, the 61.8% retracement of the recent bullish move aligns with $775.00, which may serve as a key support in the next 24 hours.

BNB appears to be in a short-term bullish phase, supported by strong volume and a bullish engulfing pattern. However, overbought RSI and a potential divergence in turnover suggest caution. Traders may watch for a retest of the $775.00–$777.00 support zone and a breakout above $785.00 for confirmation of a stronger trend. Volatility remains elevated, and sudden reversals could occur without warning.