Technical analysis by trading_mura about Symbol BNB on 8/7/2025

BNBUSDT continues its steady rise within the ABC correction phase. The price has already reacted from the weekly reversal level at $780 . On the 4H timeframe, RSI is already above 70, but the price hasn't shown any strong movement yet. A local trendline can be drawn — if it breaks, I expect a move down toward the $730–$699 area. A fake breakout toward the 0.5 Fibonacci level is also possible before the actual drop. If the price manages to hold above the weekly pivot point, we could see a move toward the first resistance level at $830 .