BNB Price Prediction: Double-Top at $1,300 Could Result in Consolidation

BNB (BNB) is heading down by 10% in the past 24 hours to $1,160 right after the token made a new all-time high during what has been one of the most chaotic weeks for cryptos in history.

Last Friday, President Donald Trump’s decision to impose a 100% tariff on Chinese goods ignited a massive liquidation event across all cryptos that pushed the native asset of the BNB Chain from $1,200 to less than $900 in just a few hours.

Nevertheless, the token rapidly recovered and closed above $1,000 on that same day, and then kept moving higher two days after to reach a new price record at $1,376.

BNB Holds On to Yearly Gains Despite This Retreat

The $1,300 level had already been an area of strong selling pressure the last time the token hit that mark, possibly as early buyers are eager to cash out of their positions at a point when uncertainty is on the rise.

Trading volumes have subsided a bit for BNB in the past 24 hours at $9.4 billion, which means that today’s selling spree could just be a regular profit-taking move rather than a full-blown crash like the one witnessed last week.

Despite today’s retreat, BNB is still the top-performing cryptocurrency in the top 5 with a 66.2% gain since the year started.

BNB Smart Chain Daily Transactions (2025) – Source: BSC Scan

The BNB ecosystem has been steadily growing. The rising popularity of Aster, a perpetual futures trading platform built on the BNB Chain, and the explosive growth in trading volumes that Pancake Swap has experienced during this bullish cycle underscore the project’s ability to compete with Solana (SOL) in the meme coin and DeFi segments.

One of the key drivers to consider at this point, especially after last week’s events, is how the Federal Reserve reacts to Trump’s hostile measures against China on the tariffs front.

If the Fed fears that this could result in higher inflation down the road, it could opt to scrap its plans to cut rates this month, as analysts expected.

This could trigger another major correction as a “wait and see” approach by the Fed was no longer on the table.

Key Levels to Watch for BNB

The daily chart shows that a rising wedge had been forming ahead of BNB’s explosive move above $1,000 a few weeks ago.

BNB/USD Daily Chart (Crypto.com) – Source: TradingView

The $1,070 area appears to be the key demand zone to watch after the token “double-topped” at $1,300.

Although this may not result in a deep correction, it could kickstart a period of sideways consolidation during which the market will gauge how strong the demand for the token still is after these changes in the macroeconomic backdrop.

The Relative Strength Index (RSI) shows that BNB was overbought ahead of this latest climb, meaning that the risk of a pullback was already high. For long-term holders, this could be a great opportunity to scoop up some tokens at a much lower price if you expect that BNB will keep climbing during this cycle.

Meanwhile, short-term traders should wait for a retest of the $1,070 to test the waters and see if interest is still there to propel the token back to its latest all-time high.