BNB Technical Outlook Highlights Key Demand and Resistance Levels
Binance Coin (BNB) has entered a decisive phase after a sustained correction from its all-time high. The daily chart structure shows clear institutional price behavior, with BNB now trading well below previous peak levels and consolidating near an important historical support zone. Market participants are closely monitoring whether this level will hold or break, as it may define the next medium-term trend.
Following a strong bullish expansion earlier in the year, BNB recorded a clear change of character (CHoCH) near the top, signaling weakening bullish momentum. Price was rejected from a major supply zone below the all-time high, confirming strong selling pressure at elevated levels.
BNB is currently consolidating around a previous demand zone near the mid-$800 range, an area that previously acted as a strong base during the bullish continuation phase. This zone is critical, as a confirmed daily close below it could expose price toward the lower demand region around $600, which aligns with a historically strong accumulation area.
As long as BNB remains below the broken structure and under key resistance, the broader bias remains cautious. Sustained support holding could trigger a corrective rebound, while failure may confirm deeper retracement toward long-term demand. Traders should wait for clear confirmation before positioning, as volatility remains elevated near these pivotal levels.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.