The BNB price has stood out in August as one of the few large-cap cryptocurrencies holding firm despite market pullbacks. The Binance coin recently formed a new all-time high of $899, extending its three-month gains to nearly 30% and yearly returns to over 61%.
At press time, BNB trades near $865, up more than 4% in a month and 1.7% over the past week. This resilience keeps buyers confident, but on-chain and technical signals suggest that the next leg of the rally to $1,000 hinges on how the market reacts to one critical price wall.
Short-Term Holder NUPL Signals Waning Profit Margins
One of the most telling indicators for BNB price momentum is the Short-Term Holder Net Unrealized Profit/Loss (NUPL). This metric tracks whether short-term investors — usually those holding coins for less than 155 days — are sitting on profits or losses compared to when they bought.
At the peak on August 22, when the BNB price touched $899, short-term NUPL stood at 0.16, meaning most were still in profit. By August 27, it had dropped sharply to 0.11, even though the price only slipped around 5% to $855.
This imbalance shows that profit margins for newer holders have contracted far more than the price itself. In simple terms, fewer traders are sitting on oversized gains, which reduces the urgency to take profits. That shift often stabilizes the market, as selling pressure cools while buyers continue to accumulate.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Hidden Bullish Divergence Points To Buyer Strength
Another key signal comes from the Relative Strength Index (RSI). The RSI is a momentum indicator that measures how strong buying or selling pressure is on a scale of 0 to 100.
Between August 19 and August 25, BNB’s price formed a higher low, but the RSI traced a lower low. This setup is known as a hidden bullish divergence. It reflects a buyer-seller connection. Even as momentum readings weakened, buyers stepped in earlier, refusing to let the BNB price revisit deeper lows.
This kind of divergence often appears in strong uptrends. It shows that sellers tried to push the market lower but were met with fresh demand. For the BNB price, it suggests that the recent consolidation is not exhaustion but preparation for a possible continuation of the broader rally.
Heatmap And Resistance Levels Define The Next BNB Price Move
The next decisive step for Binance coin comes down to key resistance zones. A cost basis heatmap shows where large clusters of coins were last bought, effectively highlighting areas where sellers may try to unload their holdings.
Both the heatmap and price action point to a heavy wall in the $862–$871 range. Glassnode data shows that 23,737 BNB are concentrated between $862 and $864, with another 6,462 BNB stacked between $869 and $871.
This dense supply cluster explains why the BNB price has struggled to close above these levels on multiple attempts. At present, price is moving within the $829–$869 band, and history shows rejections at these resistance points.
A clean daily candle close above $869, however, would confirm a breakout. And that would open the way toward $1,000, one of the key BNB price targets.
Only a dip under $829 would flip the short-term outlook to bearish.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
