Binance Coin (BNB) experienced a significant 75% increase in daily trading volume according to CoinMarketCap data, despite facing resistance at the $617 level. As reported by AMBCrypto, this surge in activity came alongside whale accumulation, with two newly created wallets withdrawing 20,007 BNB worth $12.1 million on Monday, August 17. The increased volume suggests renewed investor interest, though the altcoin's upward momentum has stalled at the current resistance zone.
According to AMBCrypto's analysis, BNB remains within a downtrend that began in November 2025, with the price dropping from $745 to $537 in June representing a bearish continuation. The technical indicators show mixed signals, with the DMI indicating lack of strong trend momentum and the MACD floating above zero line but showing slowed upward movement. The Fibonacci retracement levels suggest potential for continued northward movement, with a move into the golden pocket area between $666 and $701 representing an ideal selling opportunity.
As reported by AMBCrypto, the 4-hour structure has flipped bullishly in recent weeks, though the 1-day timeframe shows momentum slowdown at $617. The key short-term levels to monitor are $597 and $620, with a drop below $597 potentially signaling extended downward momentum and a correction toward $540. The less likely bullish scenario involves a breakout past $620, which could target $666 to $701, though current lack of buying pressure makes this outcome less probable.
