Artem Voloskovets
⬤ Binance Coin is holding steady near a crucial support zone after a sharp decline from earlier highs. Right now, the focus is on the $700–$760 range, where the price could potentially reverse direction. On the weekly timeframe, BNB has pulled back significantly from its peak around $1,375 and is currently trading near $756, showing a cooling-off period after its previous rally.
⬤ The chart reveals BNB stabilizing around a long-term support base after months of downward movement. Price action has tightened near this area, suggesting traders are evaluating whether the selling pressure has finally run out of steam. While there's no confirmed reversal yet, the pattern shows this range is becoming a critical decision point for what happens next.
⬤ If BNB can hold and bounce from the $700–$760 support, it could trigger a longer recovery phase. The projected path on the chart points toward potential targets in the $1,200–$1,600 zone over the coming months, assuming bullish momentum returns. These levels match up with previous areas where BNB showed strong upward movement.
⬤ This matters because Binance Coin typically mirrors broader crypto market sentiment. How the price behaves around this support zone will likely signal whether BNB enters a new accumulation phase or continues facing downward pressure. Until a clearer direction emerges, the $700–$760 range remains the key level traders are watching to gauge where the market goes from here.
Artem Voloskovets
