Binance Coin is showing signs of exhaustion after breaching the $800 mark. Weak follow-through, declining volume, and repeated rejections suggest the rally may be losing steam.
Summary
Binance Coin (BNB) recently established an all-time high above $800, but technical signals now point toward potential weakness. The inability to maintain bullish momentum, combined with fading volume, raises the risk of a deviation at the range high and a deeper short-term correction.
After breaking through the $800 resistance, BNB initially looked poised for continuation to the upside. However, repeated rejections at this level have stalled momentum. Price action has failed to deliver sustained bullish follow-through, leaving the door open for a possible deviation of the range high — a structure that often precedes sharp reversals.
From a market structure perspective, a deviation here would be considered bearish, signaling that bulls were unable to defend higher prices. A close back below $800 on the daily timeframe would confirm the deviation pattern and significantly increase the probability of a rotation lower, targeting the point of control.
Volume analysis supports this bearish caution. Since the breakout, the volume profile has shown a steady decline, suggesting reduced market participation and fading bullish enthusiasm. In healthy bullish trends, volume should expand alongside price, the opposite is occurring on BNB. Without fresh buying pressure, sustaining price above $800 becomes increasingly unlikely.
A corrective move below $800 could quickly send price toward the point of control, located in the midrange of the current trading structure. If selling accelerates, the value area low becomes a potential magnet for price, setting up a broader retracement phase.
If BNB fails to close above $800 in the coming sessions, expect a downside rotation toward the point of control. A confirmed deviation would likely result in further weakness, while reclaiming $800 with strong volume would invalidate the bearish bias.