Why Is BNB Price Going Down Today Despite Strong Upside Earlier This Month?

The recent rally from $603 to $692 marked one of the steepest BNB price spikes since early April.

The price of BNB today is trading at around $660 after encountering rejection at the $692 resistance zone earlier this week.

The cryptocurrency’s price action has slowed into a consolidation phase, with lower timeframes suggesting a slight weakening of the bullish structure. However, the broader trend remains intact as long as price manages to stay afloat above key supports near the $647-$651 band.

Amid a slightly risk-off tone across altcoins, traders are questioning: why is BNB price going down today despite strong upside earlier this month?

Well, this decline is unfolding as short-term momentum stalls and tight EMA rejections threaten to stall the recent rally.

What's Happening With BNB's Price?

The recent rally that carried BNB from $603 to $692 was one of the steepest spikes since early April. It was triggered by a clean breakout above the symmetrical triangle on the daily chart, pushing price into a high-liquidity zone just under $700.

However, BNB faced stiff resistance at $692, a level that had previously seen multiple rejections between March and April.

On the 4-hour chart, BNB price action has now formed a narrowing descending triangle pattern, with the base forming at around $655. Short-term bulls are attempting to defend this zone, which overlaps with the 50 EMA and lower Bollinger Band. But if this base fails, a deeper pullback toward $648 or even $637 could unfold.

Chart: Bollinger Bands, EMA

Indicators Suggest Fading Momentum

The RSI on the 30-minute and 4-hour charts is currently hovering around 35.5, reflecting less urgency in the bullish pressure and dipping into neutral-to-bearish territory. Notably, it has failed to sustain above 50 again, suggesting that buyers are losing grip as price approaches key intraday levels.

The MACD provides further insight, with the 30-minute MACD showing a widening gap between the signal and MACD line in negative territory. The histogram also continues to register red bars, indicating that momentum remains tilted to the downside.

This shift in momentum explains why is BNB price going down today, despite holding above major trendlines.

Bollinger Bands and EMA Levels Define The Reversal Zone

Bollinger Bands on the 4-hour chart are tightening again after a post-breakout expansion earlier in the week. Price is trading close to the lower band at $655, which has been offering dynamic support during the current consolidation.

However, without a surge in volume or a positive divergence, a breakdown could open up further weakness.

The EMA cluster between $662 and $668 is now acting as resistance, with the 20 and 50 EMAs sloping downward. BNB would need to reclaim this zone to shift the short-term structure back in favor of buyers.

Weekly Fibonacci Holds Above 0.382 As Bulls Eye Retest

Taking a broader view, BNB is still trading above the 0.382 Fibonacci retracement level of $643, derived from the $400-$781 rally on the weekly chart. Staying above this level preserves the bullish structure, but any candle that closes fully below it could shift the medium-term view toward neutral.

If bulls manage to reclaim $674-$680, the upside potential toward $701 (0.236 Fib) reopens. Until then, the bias remains cautiously bullish, but with clear downside risk if $647 breaks.

BNB Price Prediction For Today, May 26

If BNB price today manages to stay above the $655-$651 support cluster, a short-term rebound toward $665 and $672 could play out. But unless the $674-$680 zone is reclaimed convincingly, sellers may continue to exert control, with the $692 rejection acting as a local top.

In the downside scenario, a daily close below $651 may expose BNB to the $637 demand zone, followed by a potential revisit to the $622-$615 support pocket.

With volatility tightening, BNB is approaching a decision point. A sustained move above the EMA cluster could revive bullish momentum, while any break below $647 would likely usher in further weakness in the short term.