BNB at Risk? Bearish Chart Pattern Signals a Critical Test Ahead

At press time, BNB was trading around $840, down 2% in the past 24 hours. This comes just three days after the token set a new all-time high of $900 on August 22. Over the past week, price action has remained largely flat.

According to Alpha Crypto Signal, a bearish ABCD pattern appears to be forming on the daily chart, with the final leg topping out near $900. Since then, the price has pulled back, though the broader uptrend remains intact. BNB still trades above the 50-day moving average ($782.60) but has slipped below the 9-day average ($853.44).

The $800–$820 zone is now in sharp focus. This area has served as strong support in recent weeks. If it holds, the current pullback may stall; if broken, it could trigger additional selling pressure.

Trading volume has slowed during the decline, signaling that while buyers are stepping back, strong capitulation has not yet set in. A decisive break below $800 would be the key confirmation of a structural breakdown.

Derivatives Market: Traders Trim Exposure

On the futures market, Open Interest in BNB has dropped 1% to $1.48 billion, while trading volume has declined 9% to $1.88 billion. These figures suggest traders are scaling back risk after the recent rally.

Still, Open Interest remains elevated compared to previous months. If BNB establishes a base, new positions could return; if not, more long positions may continue to unwind.

$1 Billion Treasury Fund and Governance Concerns

In parallel, B Strategy announced plans to launch a $1 billion BNB treasury fund, backed by YZi Labs, aimed at supporting new projects and community growth on the BNB Chain.

Meanwhile, the BNB Network reported that its $500 million fundraising round was oversubscribed. However, caution lingers after Windtree Therapeutics was delisted from Nasdaq due to its BNB holdings. In response, B Strategy pledged to tighten governance and ensure similar incidents are avoided in the future.