BNB price is showing signs of trend exhaustion after forming a double-top pattern near the $1,350-$1,375 range.
Binance Coin BNB $872.3 24h volatility: 1.9% Market cap: $120.20 B Vol. 24h: $856.67 M , the native cryptocurrency of the Binance Chain, could soon face an end to its rally, with experts seeing a potential drop under $1,000 coming ahead.
Following rejections at $1,320, BNB price is facing strong selling pressure after a double-top pattern. On-chain data shows signs of potential profit-booking ahead.
BNB Price Sees Strong Selling Pressure After Rejection at $1,350
The daily chart of BNB price shows a potential double-top pattern forming near the $1,350-$1,375 range, signaling possible trend exhaustion after its 95% year-to-date rally.
This comes as the crypto market faced its largest liquidations in history last Friday, at a staggering $19 billion.
The two failed breakout attempts, labeled as Top 1 and Top 2, highlight weakening bullish momentum, with the neckline support positioned near $1,100. A confirmed close below this level could validate the bearish formation.
If the pattern plays out, BNB price could drop toward $835. This implies a 30% downside from current prices by late October or early November.
BNB price sees double top pattern formation. | Source: TradingView
Momentum indicators are signaling caution for BNB. The daily Relative Strength Index (RSI) has entered a correction phase after retreating from its overbought zone above 70. This indicates that the bullish momentum is waning.
The Moving Average Convergence Divergence (MACD) has triggered a bearish crossover, showing weak buying momentum. Analysts warn that a drop below the $1,100 support level could accelerate the downtrend in the coming sessions.
On-Chain Indicators Hint Caution for Binance Coin
Binance recorded a staggering $21.75 billion in user withdrawals over the past week, marking the highest outflows from a centralized exchange in that period. Notably, $4.1 billion of this total was withdrawn in a single day, according to data from CoinGlass.
Over the past few days, centralized exchanges have seen significant asset outflows, with #Binance experiencing the largest outflow — $21.75 billion over the past seven days.https://t.co/HW9ViO6mPV pic.twitter.com/8ArclaL8sB
— CoinGlass (@coinglass_com) October 15, 2025
BNB’s short-term holder Net Unrealized Profit/Loss (STH NUPL) has recently surged above the 0.25 threshold, a level historically seen as a warning signal.
Crossing this mark often indicates that short-term investors have accumulated significant profits, which can trigger selling pressure and potential price reversals.
Current NUPL readings suggest that many short-term holders are sitting on sizable gains, raising the likelihood of near-term sell-offs.
BNB NUPL indicator shows profit-booking. | Source: Glassnode
Snorter Bot Presale Nears $4.7M as Platform Gains Momentum
Snorter Bot, a rapidly expanding Telegram-based trading assistant, is closing in on a $5 million presale target. The platform combines the viral appeal of meme coins with advanced trading tools, enabling users to spot, snipe, and manage tokens directly within Telegram in just a few taps.
The initial version focuses on the Solana ecosystem, leveraging its fast transactions and low fees. Future updates plan to extend support to Ethereum ETH $2 988 24h volatility: 1.8% Market cap: $360.60 B Vol. 24h: $12.59 B , BNB Chain, and other EVM-compatible blockchains. With its low trading fees and multi-chain roadmap, Snorter Bot has quickly emerged as one of the best crypto presales in the market.
Presale Details of Snorter Bot
- Token Price: $0.1079
- Funds Raised: $4.7 million
- Ticker: $SNORT
- Network: Solana
The platform’s SNORT token powers its premium functionalities. With a fixed supply of 500 million tokens, Snorter Bot aims to make high-speed DeFi trading accessible to a wider audience.
Interested in joining the presale? Check out our guide on how to buy Snorter Bot.
next