BNB price traded near $707 on Aug. 26 after gaining nearly 13% from its Aug. 20 opening price, with technical charts showing strong momentum but growing resistance between $712 and $725.

BNB price consolidates after its weekly breakout

According to data from crypto.news, BNB (BNB) price was trading at $706.72 on Aug. 26, up 1.77% during the current daily session. The token has gained approximately 12.8% from its Aug. 20 opening price of $626.47.

BNB reached an intraday high near $725 on Aug. 22 before buyers lost momentum. Price has since consolidated between roughly $685 and $720, suggesting traders are deciding whether the weekly surge can develop into a larger breakout.

The latest move followed a rapid expansion from the $600 area, where BNB had traded before breaking above several moving averages. Although the price has pulled back from its weekly high, it has held most of its gains and returned above the psychological $700 level.

Daily momentum also remains positive. The bull-bear power indicator printed a positive reading of 67.99, although its bars have declined from their recent peak. The change suggests buyers remain in control but are no longer pushing the market with the same force seen during the initial breakout.

Moving averages support the bullish BNB structure

BNB’s daily chart shows the price trading above its 20-, 50-, 100-, and 200-day simple moving averages. The 20-day average sits at $636.67, while the other three averages are grouped between approximately $600 and $617.

The wide gap between the current price and those averages shows how quickly BNB advanced. It also leaves the token exposed to a deeper pullback if buyers cannot defend the newly established support zones.

The 200-day moving average, shown near $616.51, is particularly important because BNB had traded below it for much of the preceding decline. The break above that level changed the medium-term structure, but maintaining the bullish setup will require price to avoid a sustained return below the $600–$617 cluster.

On the 4-hour chart, BNB is trading slightly above the Bollinger Band midpoint at $699.94. The upper band stands at $712.51, while the lower band is near $687.36.

A 4-hour close above the upper band could signal another expansion toward $720–$725. Failure to hold the midpoint would raise the likelihood of a retest of $687, where the lower band overlaps with recent intraday support.

BNB’s 4-hour relative strength index has cooled to 60.41 after entering overbought territory during the initial rally. The lower reading removes some of the earlier overheating without pushing momentum into bearish territory.

Liquidation levels surround $680 and $725

CoinGlass’s three-day BNB liquidation heatmap shows concentrated leveraged positions on both sides of the current price.

The closest major overhead liquidity appears around $724–$726, broadly matching the resistance visible on the price charts. A move into that area could force short positions to close, adding market buy orders and supporting a brief extension of the rally.

Additional liquidation bands appear between $730 and $745. However, liquidity maps identify areas where leveraged positions may be vulnerable; they do not guarantee that price will reach those levels.

Below the market, the strongest visible concentration sits around $680–$685. A loss of $695 and then $687 could draw BNB toward that cluster, potentially accelerating losses as leveraged long positions are closed.

The heatmap therefore places BNB between two competing liquidity areas. The $724–$726 zone is the nearest upside target, while the $680–$685 area represents the clearest downside risk if the consolidation breaks lower.

Analysts focus on the $725 and $745 barriers

Crypto analyst Bitcoin Professor said BNB had gained nearly 18% over the seven-day period measured in his Aug. 25 chart and identified $710–$725 as the key resistance range.

“A clean breakout above $725 could accelerate the bullish momentum,” the analyst said.

Bitcoin Professor added that short-term momentum could weaken if BNB loses the $690–$695 area. That warning aligns with the 4-hour Bollinger Band midpoint near $700 and the lower band around $687.

A separate analyst using the name Einstein said BNB had broken its descending trendline and was approaching a major breakout area.

“Weekly close above $745 = breakout confirmation,” Einstein said, identifying $960 as the first major target if that confirmation occurs.

The analyst also described $537 as the wider structural support level. However, that level sits far below the nearer support areas shown on the daily and 4-hour charts, making $687, $637, and the $600–$617 moving-average cluster more relevant during the current setup.

The forecasts represent analysts’ interpretations and do not establish that BNB will reach either $745 or $960.

BNB needs a close above $725 to extend the rally

The immediate bullish case depends on BNB holding $699–$700 and closing above the $712–$725 resistance region. A confirmed breakout would expose $745, which marks the larger resistance level identified by Einstein and overlaps with the upper section of the liquidation map.

The bearish case begins with a 4-hour close below $687. Such a move would weaken the recent consolidation and place the $680–$685 liquidity cluster at risk. Below that area, the 20-day moving average near $637 would become the next major technical reference.

For US traders, BNB remains available through some trading venues, but access varies because Binance.US operates separately from Binance’s global exchange and offers a more limited market. Traders should confirm platform availability and local restrictions before acting on the setup.

BNB’s broader structure remains bullish while price holds above the breakout area, but the declining short-term momentum and nearby resistance make the next confirmed close more important than an intraday move above $720.

Bitcoin has reclaimed the $80,000 area, but on-chain signals suggest the rally is running into a familiar problem: even when buyers show up, sell-side pressure from investors sitting on profits can reappear quickly.

According to on-chain analytics from CryptoQuant, older “long-term holder” coins have become more active around recent local highs, while a widely watched gauge of U.S. demand—the Coinbase premium—remains slightly negative. Together, the data points to a market that can push upward, but struggles to sustain momentum without stronger fresh buying from the U.S.

Key takeaways

• CryptoQuant data shows the spent output profit ratio (SOPR) for long-term holders rose to 1.48 on Aug. 22, indicating profit-taking-related activity is increasing among older coins.
• The SOPR ratio (short-term holders vs. long-term holders) peaked at 1.4 near $79,500—its highest reading since July 25—before slipping to 0.93, implying relative selling dynamics may be shifting back toward short-term holders.
• All major holder cohorts are reportedly in profit on aggregate, creating conditions where additional upside requires demand strong enough to absorb profitable supply.
• The Coinbase premium index is still negative at -0.015, underscoring that U.S. spot demand has not fully regained strength despite Bitcoin’s local push higher.

Older Bitcoin holders increase on-chain profit-taking signals

CryptoQuant’s monitoring highlights that “older” Bitcoin coins moved on-chain more actively during the latest rise. The firm links this behavior to a period when BTC/USD gained more than 25% over the past week, according to the related market context cited alongside the analysis.

The specific on-chain indicator at the center of the update is the spent output profit ratio (SOPR). SOPR compares the value of recently spent UTXOs against the value at the time those outputs were created. In CryptoQuant’s read, SOPR ticking up to 1.48 on Aug. 22 points to increased movement involving in-profit coins—an environment that often accompanies selling or at least reallocation of positions.

CryptoQuant also points to a second metric: the SOPR ratio, which divides the SOPR of short-term holders (STH) by that of long-term holders (LTH). Here, STH refers to wallets that hold BTC for up to six months, while LTH refers to wallets holding longer than six months.

As price consolidated around $79,500, the SOPR ratio reached 1.4, the highest reading since July 25. In CryptoQuant’s framing, that peak suggested long-term holders were realizing profits at a higher relative rate than short-term holders at that moment.

However, the picture quickly cooled. CryptoQuant later reported the SOPR ratio had fallen to 0.93, saying the shift implies short-term holders’ realized performance is now relatively stronger than long-term holders’ realized performance.

Why the SOPR trend matters for traders near $80,000

Profit-taking signals often show up with a lag: price can rise while the market is still digesting prior positioning, but once more investors become “in profit” enough to consider exits, upward momentum can stall. CryptoQuant notes that the SOPR ratio has been forming a broad downtrend since early 2025. By the end of June, it reportedly hit 0.62—its lowest levels in three years as BTC/USD traded near $58,000.

That earlier low matters because it sets the stage for what investors should watch now. While Bitcoin has only reversed modestly higher since that period, the market has not been able to remain above $80,000, implying the rebound has met persistent resistance from supply and realized profit behavior.

In a key takeaway from CryptoQuant, the firm emphasizes that the market question is less about whether Bitcoin can “briefly touch” $80,000 and more about whether new demand is sufficient to absorb selling from profitable holders. That distinction is important for both short-term traders and longer-term investors: price can reach a level, but the sustainability of the move depends on whether incremental buyers continue stepping in as profit-taking grows.

U.S. demand still weak as Coinbase premium stays negative

While on-chain SOPR metrics describe behavior among existing holders, the Coinbase premium index helps describe demand conditions—particularly from U.S. participants. CryptoQuant tracks the difference between BTC/USDT pricing on Coinbase versus Binance; when the premium is negative, the indicator suggests the U.S. market is not paying a “premium” relative to global liquidity.

In this latest update, CryptoQuant reports the Coinbase premium has failed to return to positive territory and remains negative. The firm says it moved above zero only briefly on hourly time frames as Bitcoin broke above $78,500, but it has not sustained a positive reading.

As of Wednesday, CryptoQuant lists the Coinbase premium at -0.015, compared with -0.094 at the start of August. Even with that improvement, the index remains below zero—an asymmetry that matters because it suggests that despite improving activity and price strength, the broader U.S. buyer base is not yet strong enough to lift demand sentiment into “buying over sellers” territory.

CryptoQuant frames the next signal plainly: whether the premium can cross above zero and remain positive. The firm argues that if Bitcoin continues recovering while the Coinbase premium turns positive, the market could shift from easing selling pressure toward a phase characterized by stronger renewed U.S. spot demand.

What to monitor next: holder profits versus fresh inflows

For now, CryptoQuant’s data points to a market where holder cohorts are, in aggregate, already in profit—meaning there is potential for realized selling to reappear during pullbacks or consolidation. At the same time, the Coinbase premium suggests U.S. spot demand is still not fully supporting sustained breakout conditions.

Going forward, investors should watch whether the SOPR ratio stabilizes rather than continues sliding, and whether the Coinbase premium can hold above zero. Those two developments—profit-taking dynamics among holders and persistent demand signals from U.S. trading venues—may determine whether $80,000 becomes a new floor or remains a ceiling.