BNB price on September 17 was around $721 after buyers defended the range of $709–$710. However, the decline in daily momentum and tight liquidity above $739 leave the token without a clear breakout signal. During the day, the price reached a high of $729.22 and a low of $720.89, marking a decrease of 0.63%. Charts show that BNB is in a consolidation phase following a recent rally in early September, when it rose from below $700 to nearly $780, before sellers brought it back to the range around $710. Price stabilization within the $710–$730 range indicates buyer activity, but the lack of sustained movement above $730 signals that demand has yet to regain full control.
Short-term indicators suggest a neutral position. The Relative Strength Index (RSI) over 4 hours is at 50.84, indicating balanced momentum. The four-hour Bollinger Bands show that BNB is trading just above the middle line at $719.39. A close above $729.15 could signal a resumption of the upward trend. However, a drop below the $709 level may indicate the development of a downward wave, increasing price volatility. Meanwhile, – key liquidity levels are around $710 and $740, which could significantly impact the next movement of BNB.
On the daily chart, momentum is declining. The MACD indicator showed a bearish crossover, indicating increasing short-term selling pressure, with a value of -5.04. It is expected that as long as the $709–$710 level is held, consolidation will continue with an attempt to test the $729 level. If the fixed price exceeds $740, it will open the way to targets around $750 and the September peak at $775–$780. At the same time, a close below $709 could trigger position liquidations and drive the price down to the psychological support level at $700.
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