Binance Coin (BNB) Price Analysis for January 23
Analysis
Price Impact
MedDespite a slight daily rise, the overall technical analysis suggests a bearish trend for bnb in the short to midterm, with potential consolidation and further downside.
Trustworthiness
MedAnalysis is based on technical chart patterns and key support/resistance levels (hourly, daily, weekly) from a crypto news outlet's writer opinion.
Price Direction
BearishHourly charts indicate a bearish outlook, with potential decline to the $880 zone. sideways trading is expected in the short term ($875-$895), but the midterm view points to a decline towards the $800 area after failing to hold resistance at $941.06.
Time Effect
LongShort-term forecasts cover the weekend and next few days, while the midterm outlook extends to the upcoming month with a target of $800.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bears have seized the initiative at the end of the week, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap BNB/USD Binance Coin (BNB) is an exception to the rule, rising by 0.24% over the last 24 hours. Image by TradingView Despite today's slight rise, the rate of BNB is looking bearish on the hourly chart. If the daily bar closes below the $885.69 level, the decline is likely to continue to the $880 zone over the weekend. Image by TradingView On the longer time frame, the situation is unclear as the price of the native exchange coin is far from main levels. In this case, sideways trading in the narrow range of $875-$895 is the most likely scenario over the next few days. Image by TradingView From the midterm point of view, the rate of BNB is going down after a false breakout of the resistance at $941.06. You Might Also Like Thu, 01/22/2026 - 15:24 Ethereum (ETH) Price Analysis for January 22 By Denys Serhiichuk If the weekly candle closes around the current prices or below them, traders can expect a test of the $800 area in the upcoming month. BNB is trading at $884.16 at press time. #Binance coin price prediction