Saad Ullah
⬤ Binance Coin is holding up pretty well within its long-term structure even after dropping to lower support levels. The first accumulation zone below $600 is now filled, and traders are watching the second key area around $421.
⬤ BNB was trading near $910 before falling about 38% from that peak. That's roughly 58% down from its all-time high. Right now, the $421 level lines up with the 0.5 Fibonacci support, which is where accumulation seems to be happening.
⬤ There's also a deeper safety net identified around $305, which sits at the 0.786 Fibonacci level. That's being eyed as a worst-case scenario spot for long-term buyers to load up. The overall structure still looks intact as long as price stays within these support zones.
⬤ Looking ahead, potential targets include $3,000, $5,000, and even $10,000, though these are probability-based rather than guarantees. How BNB behaves around these accumulation zones will determine whether the structure continues to hold or needs adjustment.
Saad Ullah
