BNB is currently average rank in a long -term channel, with a possible reduction to $ 400 before resuming the bullish impulse. The technical confluence at key levels strengthens the case of healthy correction.
Binance currency (BNB) It has been riding a upward market structure since the beginning of 2024, but the recent price action suggests that a deeper setback can occur before any significant breakup. The asset is currently quoted in the center of a high -time frame negotiation channel that began in February 2024. With several important technical indicators that are aligned around the level of $ 400, a new test in this area seems likely to be probable before any continuation of higher objectives, including the $ 800 region.
Key technical points
- Low channel support at $ 400: Acts as the base of the long -term range
- 200 weeks and 0.618 confluence of Fibonacci: Add technical weight at $ 400 level
- Liquidity sweeping scenario: Possible short -term sauce before long -term continuation
BNB has respected its high -time frame trade channel with precision, reacting both the lower and higher limits in recent months. The price is currently near the average range of the channel, an area typically associated with uncertainty or indecision. From a technical point of view, there are significant support layers around the level of $ 400, which serves as a low channel.
This $ 400 zone is reinforced by a trump of confluence: the 200 -week mobile average, the 0.618 fibonacci recoil level of the recent low to high swing, and a visible liquidity pocket that has not yet been used. These indicators collectively form a magnet for price action. If the price swept rest liquidity under the current levels and take advantage of this area, complete a healthy reestimation of the decline of the channel and establish a more sustainable upward trend.
Structurally, a downward movement to $ 400 would not invalidate the upward trend; Instead, I could strengthen it. A lower confirmed low around this level of support would solidify the structure of the market and offer a springboard towards the upper limit of the negotiation channel, which is around $ 800. That would essentially double the BNB value of the reestima area of $ 400, providing a convincing scenario of reward risk for long -term merchants and investors.
What to expect in the next price action
BNB is still optimistic in the high period of time, but a temporary setback around $ 400 is technically justified and would serve as a strong accumulation zone. If the support is maintained, the road to $ 800 becomes a high probability result, completing the following section in the BNB long -term channel structure.