Peter Smith
⬤ Binance Coin is stuck inside a well-defined range on the 4-hour timeframe, and recent action shows it's not breaking out anytime soon. The chart reveals BNB tried pushing above the range high but got smacked down hard, falling right back into familiar territory. This range-bound behavior continues to dominate the price action.
⬤ The failed breakout tells an important story. BNB briefly poked above the range, creating what traders call a deviation, but couldn't hold it. That quick reversal triggered a bearish market structure break, sending price lower and back into the range. The breakout simply didn't have the strength behind it. What's more concerning are the unswept lows sitting below current levels—untouched liquidity pockets that could pull price down to fill those gaps.
⬤ Since bouncing off those lower levels, BNB has climbed back toward the upper end of the range. The chart shows several resistance zones stacking up near the top: the value area high, Fibonacci retracement levels, and overhead supply all converge in the same spot. "These levels have repeatedly capped upside attempts, showing strong seller presence," according to the analysis. Price remains below the range high, keeping the overall structure intact.
⬤ This matters because ranges don't resolve themselves quickly. BNB will likely keep rotating inside this box until liquidity gets taken out on both the high and low ends. The unswept lows below suggest we could see another trip downward, while the resistance overhead keeps blocking bullish momentum. Until BNB breaks out of this range convincingly, expect more back-and-forth chop rather than any clear directional move. The real question is which side breaks first—and that will set the tone for Binance Coin's next significant move.
Peter Smith
