BNB price has been moving sideways after a volatile run in August. Right now, the token is trading around $868, and traders are trying to figure out whether it has enough strength to push higher in September.
Earlier this week, BNB came close to breaking $900, but sellers stepped in and forced it back down.
What you'll learn 👉
What the BNB Chart Is Showing
Looking at the 4H chart, BNB price has been stuck between $840 and $900. After climbing from July lows near $706, the token peaked at $900.71 before pulling back. The dip found support at $840, which has now turned into a crucial level for bulls to defend.
Since then, BNB has been bouncing around in the middle of this range, with buyers trying to build momentum for another test of the $880–$900 area.
If BNB price finally clears that barrier, it could set up another leg higher. Otherwise, a pullback to $840 support is likely. The silver lining for bulls is that the chart is still printing higher lows since July, with the larger uptrend remaining intact.
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Market Indicators
Volume has also eased compared with the July rally, suggesting many traders are waiting for a clearer direction before getting back in.
Open interest is holding steady around 683K, so derivatives activity hasn’t completely dried up.
What stands out is the imbalance between longs and shorts. Net longs are sitting at just 83K, while shorts are much higher at 450K contracts.
That tells us sentiment is still cautious, but it also leaves room for a potential short squeeze if BNB price breaks out above $900.
Volatility has also slowed down. The moves aren’t as sharp as they were a few weeks ago, which usually means the market is coiling for its next bigger swing.
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BNB Price Short-Term Outlook for September
Heading into September, all eyes are on the $900 level. A strong push above it could quickly take BNB toward $920 or even $950 if momentum builds.
On the flip side, if BNB price slips back under $840, it would likely trigger more selling and send BNB down toward the $780–$800 support zone.
For now, the setup looks cautiously bullish. As long as $840 holds, bulls are still in the game, but the lack of volume shows that confidence isn’t quite there yet. September could bring more sideways trading until one side finally takes control.
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