Binance Coin (BNB) Eyes $980 Breakout as Consolidation Tightens

Binance coin (BNB) was trading at $879.45 on January 25, 2026. The price was down by 1.26% in the past 24 hours. The market capitalization was at $119.92 billion. The price was consolidating within a narrowing price range. 

According to data from CoinMarketCap, BNB’s trading volume dropped by 17.62% and now stands at $1.44 billion. The token has dropped by 7.1% over the last seven days. 

Source: CoinMarketCap

BNB Holds $785 Support as Analysts Eye $980

Analyst Crypto Jobs highlighted that the overall trend of BNB remained bullish in both monthly and weekly charts. He further stated that the short-term correction remained active. As such, the price maintained $785 as strong support in an overall neutral range of $980 and $800.

He also added that to see renewed strength in BNB, it must trade past $980. Failure to trade past that level would result in it falling to $760-$650 or $600.

Source: X

He indicated that these regions correspond to previous cycle highs in 2021. The daily chart indicated a potential bearish flag, which needed to be confirmed.

Additionally, the analysts also indicated the $670–$600 range as an important long-term range for entering the market. Furthermore, he explained that the weekly trend is still in place even with the resistance.

Source: X

The upward movements, he noted, continued to face rejection at the same levels. He further noted that a rise in the price of Bitcoin to $70,000 could lead to more downward pressure on the price of BNB.

Also Read: Sui Struggles Near Trendline Zone as Traders Watch $1.68–$1.70 Support

Crypto analyst Jonathan Carter revealed that BNB has maintained its price above the lower band of its uptrending channel on its weekly chart. This move has sustained the uptrend, despite the possibility of a rebound from the region.

Carter identified levels at $1,090, $1,380, and $2,100 as possible targets in case the upside momentum increases. The levels are subject to support retention. He emphasized that a breakthrough in the levels needs to be seen in order for the price to continue its movement.

Source: X

BNB Sees Drop in Volume and Open Interest

CoinGlass data shows that volume declined by 40.18% to $384.69 million. The Open Interest reduced by 0.99% to $1.34 billion. The OI-Weighted Funding Rate remains mildly positive at 0.0029%

Source: CoinGlass

Total liquidations in the last 24 hours amounted to $236.38K, with longs accounting for $212.87K and shorts for $23.52K. 

Source: CoinGlass

Analysts were still watching the price levels to see where the price would move next, as it would depend on changes to volumes and market direction.

Also Read: Binance Coin (BNB) Faces Key $900 Resistance as Analysts Eye $860 Pullback Target