BNB price faces resistance near $800 amid cooling momentum

BNB is currently trading around $765, maintaining its position above a critical support level of approximately $730. While the asset has shown a strong recovery from the $560–$600 range seen in July, recent technical indicators suggest a cooling of short-term momentum.

Technical analysis shows that the Moving Average Convergence Divergence (MACD) is flashing signals that bullish momentum is fading, with the histogram turning negative. Additionally, the price is facing significant resistance in the $795–$800 zone. A breakout above $800 could signal further upside, whereas a failure to hold the rising trendline or a drop below the $730 support level could shift the market structure toward the downside, potentially exposing liquidity areas near $720–$725.