BNB has fallen below a long-standing bullish trend line, raising fresh concerns about further declines. However, the decline has entered a major support zone, and multiple technical signals suggest that buyers may be preparing for a pullback. With the risk of failure colliding with early signs of rebound, BNB now stands at a pivotal moment that could determine its next big move.
Breaking of the bullish trend line signals a change in the nature of the BNB market
According to cryptocurrency analyst Marcus Corvinas, BNB has lost its long-held bullish trend line and has just undergone a significant structural change. This technical break is an important development that is rapidly changing the market mood from optimistic to cautious as the primary support trend line has become invalidated.
The analyst noted that prices have maintained this upward trend for quite some time, but this decisive break shows that buyers are finally losing control. Momentum has visibly cooled, giving sellers the space they need to push and take control of short-term price action.
Corvinas warned that if prices are unable to recover the broken trend line, the path to a deeper decline is likely to be paved. He stressed that this current movement appears to be a fundamental change in market structure, rather than just a typical small pullback, and suggests a further prolonged period of weakness.
Therefore, the market is now in a caution zone, with analysts pointing out that the bears are knocking on the door of lower support levels. The next major reaction from the market will be the deciding factor in whether BNB is able to recover its uptrend or embark on a new sustained bearish trajectory.
Confluence now in major support zones
In a recent update shared on X, analyst Batman revealed that BNB is currently building a very attractive long setup. The asset shows a rare coincidence of multiple technical indicators, suggesting that the current price level could serve as a strong launching pad for the next leg-up.
This setting is based on a collection of support levels. Specifically, BNB is within a bullish fair value gap (FVG). This high interest rate zone received a positive reaction from the market as the price reached the 0.618 Fibonacci retracement level.
To further strengthen our bullish conviction, a momentum oscillator is aligned with price movements. Batman pointed out that the stochastic indicators have officially formed a bullish divergence following the golden cross. Importantly, this combination indicates that a sell-off may be achieved and buyers regain control, thereby paving the way for a potential sustained price recovery.
