BNB Price Faces Minor Pullback, BNB Chain Memecoins Soar
BNB price has seen a slight dip, falling below $1,300. This move suggests the market might be getting tired. The RSI is at 74.51, indicating the coin is overbought. The MACD is still bullish but hints at slowing momentum.
Key support levels are between $1,215 and $1,230. Resistance is near $1,334 and $1,400. Despite this, BNB remains in a bullish phase, with a 1.43% gain in the last 24 hours and a 27% rise over the week. The token peaked at $1,336 but has retreated slightly. Traders are taking profits, causing the price to drop. The price chart shows a long upper wick,signaling a potential cooldown.
Simultaneously occurring,BNB Chain memecoins are booming. Many are inspired by Binance and its founder, Changpeng Zhao. The $4 token, based on Zhao’s viral four-finger photo, has surged 339.31% in a week. Over 100,000 traders have joined the meme trend, with 70% in profit.
BNB’s price action shows a bullish structure since late August. However, the latest candlestick with a long upper wick suggests profit-taking. The RSI at 74.51 indicates overbought conditions, while the MACD shows weakening momentum.
Key support levels are $1,215 to $1,230. A deeper correction could target $1,150. On the upside,a close above $1,300 could reestablish bullish control,with $1,334 as the next resistance. If momentum persists, $1,400–$1,500 could be in play.
BNB Chain memecoins are adding to the excitement. Changpeng Zhao recently tweeted about the “BNB meme season,” surprising even Zhao himself.
