Technical breakdown follows failure to breach $798 high
BNB recently entered a corrective phase after forming a swing failure pattern near its all-time high of $798. Since then, the price has declined without a confirmed bottom. The current market structure suggests continued downside unless strong bullish momentum emerges.
A multi-signal zone could offer stability and reversal opportunity
The $400 psychological level is supported by several confluences: the 200-week moving average, 0.618 Fibonacci retracement, and a major weekly swing low. Despite a brief dip below this value zone, no strong bullish reversal has yet occurred. If momentum fails to shift, a full test of this level appears likely.
Outperforming SOL despite sector-wide weakness
While the broader crypto market is under pressure, BNB has maintained a higher market capitalization than Solana, signaling investor confidence. This relative strength may position BNB to recover more quickly when bullish sentiment returns.
No trend reversal means more downside possible
Lower timeframes remain tilted toward bearish price action. Without a clear structural shift or surge in buying volume, BNB could continue drifting downward. The $400 level remains a critical battleground for bulls and bears alike.
Confluences suggest a possible rebound if demand returns
Despite near-term weakness, technical indicators support the idea that the $400 zone may become a key turning point. If demand builds at this level, BNB could stage a significant recovery and re-enter the long-term range above.