The post BNB price drops under $1,300 amid meme season buzz appeared on BitcoinEthereumNews.com.

BNB price has experienced a minor pullback as it shows signs of exhaustion. Meanwhile, BNB Chain memecoins are gaining traction, posting triple-digit gains. Summary BNB price retreats below $1,300 as profit-taking increases. The RSI currently reads 74.51, signaling overbought conditions, while the MACD remains bullish but shows signs of waning momentum.  Price action reveals key support between $1,215 and $1,230, with resistance near $1,334 and $1,400. Memecoins on BNB Chain are gaining momentum, with several posting strong gains over the past week. BNB price has been rallying in October, crossing the $1,300 level on Tuesday to a peak of $1,336. While the token has since relinquished some of its gains and slipped below the $1,300 level, it remains in bullish territory, notching a 1.43% gain on the 24-hour chart and 27% over the past seven days, per market data crypto.news. BNB price chart | Source: crypto.news BNB (BNB) price action has been characterized by consistent higher highs and higher lows, confirming an aggressive bullish structure that began in late August. However, the latest candle shows a long upper wick, a signal that the push past $1,330 was met with significant profit-taking. Technical indicators point to rising caution. The Relative Strength Index (RSI) has hit 74.51, signaling overbought conditions, while the MACD remains bullish with the MACD line well above the signal line. Despite the strong momentum, a minor bearish divergence between RSI and price suggests weakening strength, often an early warning of consolidation or reversal. Key support now lies between $1,215 and $1,230, the former resistance zone during the breakout. A deeper correction could target the $1,150 area. On the upside, a close above $1,300 could reestablish bullish control, with $1,334 as the next resistance and $1,400–$1,500 possible if momentum persists. BNB Chain memecoins join BNB price rally  Adding to…

---

Filed under: News - @ October 8, 2025 7:29 am