One Cryptocurrency Trading Below the Resistance Levels- Binance Coin (BNB)

One Cryptocurrency Trading Below the Resistance Levels- Binance Coin (BNB)

Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Founded in July 2017, Binance is the world’s largest cryptocurrency exchange by daily trading volume. The platform’s mission is to place cryptocurrency exchanges at the center of global financial activity. Its name, a blend of “Binary” and “Finance,” reflects this vision of ushering in a new era of digital finance. BNB has a market capitalization of ~USD 119.93 billion (as per TradingView as of August 21, 2025).

For the week ending August 15, 2025, the S&P Cryptocurrency Broad Digital Market (BDM) Index rose 84.47 points (+1.25%) to close at 6,823.49. The index started the week on solid ground and maintained steady upward momentum through the period. However, as the new trading week commenced on August 18, sentiment shifted negatively, with the index facing pressure amid a broadly bearish tone across the digital asset market. Renewed selling in major cryptocurrencies, including Bitcoin and Ethereum, weighed on prices, dampening investor confidence and reinforcing downside momentum.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bearish’ at the current level appears to be Binance Coin (BNB) Perpetual Futures based on the below technical parameters: -

Binance Coin (BNB):

Noted below are the generic insights, indicative entry price, support levels, and resistance for the next 1-2 weeks duration for the BNB:

Entry level and Resistance Levels as mentioned herein are only indicative in nature as per trend analysis and further evaluation is required when looking at cryptocurrency under discussion.

Note: The reference Information in this report has been sourced from TradingView.  

BNB Technical Analysis Summary (On the Daily Chart):

BNB is currently trading below a key rising trendline resistance at $881.40, a historically significant level that has repeatedly capped upward moves in the past. Holding below this zone is crucial for sustaining the prevailing bearish bias and maintaining downside momentum. The 14-period RSI is at 64.19, easing from higher levels and forming a negative divergence that signals scope for further weakness. However, the price continues to hold above the 21-period Simple Moving Average (SMA), which acts as dynamic support.

Additionally, the MACD histogram is positioned above the zero line but is exhibiting negative divergence, signaling a potential loss of upward momentum. Meanwhile, the price continues to trade above the Parabolic SAR, reinforcing the near-term support structure. Now the next support level appears to be at USD 765.00, and prices may test this level in the coming sessions (1-2 weeks).

Noted below are the illustrative points as key positives and risks when looking at Binance Coin (BNB) in the cryptocurrency space:-

Illustrative points as Positives:

• Lower Transaction Fees: One of the key benefits of Binance Coin (BNB) is its ability to reduce transaction fees on the Binance exchange. Users who hold BNB in their wallets can receive additional discounts, making it an appealing choice for frequent traders.
• Utility Token: BNB functions as a utility token within the Binance ecosystem, offering multiple use cases. It can be used to pay trading fees, participate in token sales, and even book travel services.

Illustrative points as Risks:

• Centralization Concerns: Since BNB is closely tied to the centralized Binance exchange, concerns arise regarding decentralization. Regulatory scrutiny or security breaches could pose potential risks to its stability and adoption.
• Competition: BNB competes with other exchange-based and utility tokens in the cryptocurrency space, facing challenges from similar digital assets offering comparable benefits.

Conclusion:

Based on the above-mentioned price action analysis and technical indicators outlook, Binance Coin (BNB) may witness movement in the downside direction. The trend looks to be in an interesting space and the currency looks ‘Bearish’ given the current price of USD 864.37 as on August 21, 2025, at 9:00 AM, (GMT+1) Time in London, UK. However, volatility in the price should be borne in mind when looking at further evaluation for investment scenarios. Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while making investment decisions.

Related Risks: Based on the technical analysis, the risks are defined as per risk-reward ratio (~0.80:1.00), however, returns are generated within 1-2 weeks’ time frame. This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the cryptocurrency has not been considered in the decision-making process. Other factors which could impact the cryptocurrency prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Trend Indications 

Bullish Trend is generally used in information services and financial reporting as a trend typified with an upward momentum in prices based on the market sentiments, overall price action, and technical analysis. Typically, Resistance Levels or Indicative Stop loss levels need to be evaluated for exit triggers. 

Bearish Trend is generally used in information services and financial reporting as a trend typified with a downward movement in prices based on the market sentiments, overall price action, and technical analysis. Typically, Support Levels or Indicative Stop loss levels need to be evaluated for exit triggers.

When we identify trends as ‘Bullish’ or ‘Bearish’ it is based on a technical analysis of the available data as we understand it and is not, and should not be considered as, either advice or a recommendation to buy, sell or hold the relevant cryptoassets.

Kalkine reports are prepared based on the crypto prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect crypto prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 2: How to Read the Chart?

The Green colour line reflects the 21-period simple moving average (SMA) while the red line indicates the 50-period SMA. SMA helps to identify existing price trends and if the prices trade above the 21-period and 50-period SMA, then in general it shows an uptrend trend.

The Black colour line in the chart’s lower segment is a 14-period Relative Strength Index (RSI) which indicates momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the Cryptocurrency. The volume is the quantity that changed hands during the given period. Cryptocurrencies with high volumes are more liquid compared to lesser once and higher volumes help in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the Cryptocurrency prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the Cryptocurrency and if the price breaches the level, then Support 2 may act as the crucial support level for the Cryptocurrency. 

Resistance: A level at which the Cryptocurrency prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the Cryptocurrency and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the Cryptocurrency. 

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the Cryptocurrency prices. 

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. It is suggested to Trail the Stop-Loss as per the aforementioned levels if the Cryptocurrency price achieves more than 60% of the Resistance 1. individuals, in general, might consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 60% of Resistance 1. However, these indications need further evaluation basis associated risks and any change in trends.

The reference date for all price data, currency, technical indicators, support, and resistance levels is August 21, 2025 at 9:00 AM, (GMT+1) Time in London, UK.  The S&P Cryptocurrency BDM Index in this report has been sourced from REFINITIV. 

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar 

Note: This publication is for informational purposes only based on technical analysis and does not reflect the fundamental validity of the cryptoasset. It in no way constitutes investment advice or a recommendation to buy, sell or hold financial instruments. Trading decisions require a thorough analysis by investors taking account of a range of factors, including in relation to cryptoassets in themselves, general market trends and an investor’s own ability and appetite to take risks and bear losses. Past performance is neither an indicator nor a guarantee of future performance.

Disclaimer

This report has been issued by Kalkine Limited (Company number 07903332), a private limited company, incorporated in England and Wales ("Kalkine”, “us”, “our”, “we”). Kalkine.co.uk and associated pages are published by Kalkine. Kalkine is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The information in this report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of information contained in its reports, newsletters and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain non personalized recommendations to invest in securities and other financial products.

Any information in this report relating to digital currency or other cryptoasset types (cryptoassets) is based on the law that applied at the time the report was prepared. The laws that apply to cryptoassets (and how a particular cryptoasset is regulated) may change. Investments in cryptoassets can be high risk and volatile. You should seek appropriate advice and consider your objectives and risk appetite before making any decision in relation to such products.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. No information, whether oral or written, obtained by you from us or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Past performance is not indicative of future results. You should also be aware that most cryptoassets are not regulated by the FCA and are not protected under the Financial Services Compensation Scheme or the Financial Ombudsman Service. Further, Capital Gains Tax (CGT) may be payable on profits made from investing in cryptoassets.

Please also read our Terms & Conditions for further information. Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this report or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

On the date of publishing this report (referred to on the Kalkine website), employees and/or associates of Kalkine and its related entities do not hold interests in any of the cryptoassets covered on the Kalkine website unless those persons comply with certain safeguards, procedures, and disclosures.

Kalkine Media Limited, an affiliate of Kalkine, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this report.