Usman Salis
⬤ Binance Coin (BNB) is entering a decisive phase as it approaches the critical $980 resistance on the 4-hour chart. The current price structure shows BNB recovering from its recent low near $937 and moving into a key zone where horizontal resistance meets a descending trendline. Price is now hovering around $970 as buyers attempt to regain control after weeks of downward pressure.
⬤ As markets head toward year-end, broader concerns about potential regulatory and tax policy changes continue affecting investor sentiment. While no specific proposals target BNB directly, analysts note that aggressive digital-asset taxation could create operational challenges for smaller crypto firms, potentially driving capital offshore. Though these remain hypothetical risks, they highlight the sector's vulnerability during periods when major assets approach significant technical levels.
⬤ The $980 level represents a clear descending resistance line that has rejected multiple upside attempts in recent sessions. A confirmed move above this zone would break the downtrend structure and potentially open the path toward $1,005 and $1,020, which could accelerate bullish momentum for BNB.
⬤ Rising search interest around "BNB breakout" and "BNB price analysis" shows traders are actively monitoring this setup. A decisive close above $980 would signal a break of multi-session resistance and could define the next short-term trend direction. With sentiment strengthening and technical conditions tightening, $980 has become the key threshold to watch for Binance Coin's next major move.
Usman Salis
