BNB Price Defends 280-Day Support With 15% Price Rally

Key Takeaways

• BNB follows an ascending support trend line.
• The price trades below the $660 resistance area.
• Can BNB retest the resistance, or will it break down?

BNB reached a new all-time high this cycle, surpassing its previous peak by 15%. However, the trend has shifted in 2025, causing BNB to plummet nearly 40%.

While a bounce last week offered some relief, BNB still trades under its main resistance area at $660.

With the bearish structure still intact, the key question is whether BNB build on its momentum and reclaim the $660 area, or are new lows in store?

BNB Price Bounces

The weekly analysis shows that BNB has fallen since its all-time high of $794 in December 2024.

The downward movement happened after a bearish divergence in the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD).

BNB closed below the $660 horizontal resistance area during the decline, the previous all-time high in 2021.

The long-term trend is bearish as long as BNB does not reclaim this level.

Despite falling to a low of $508, the BNB price prevented a breakdown from an ascending support trend line.

The trend line has existed for 280 days and has caused six bounces (green icons), the most recent last week when BNB rallied 15% after reaching support.

So, the future price prediction depends on whether BNB breaks down from the ascending support trend line or moves above the $660 horizontal resistance area.

Let’s look at the wave count and see which is more likely.

BNB Breakdown Incoming

The long-term wave count is bearish, suggesting that BNB will break down from the diagonal support.

The BNB price completed a five-wave upward movement (green) from 2022-2024.

Then, it started a W-X-Y correction (red) and is currently in wave X, creating a symmetrical triangle.

If the count is accurate, the BNB price will break down from the triangle soon.

The sub-wave count is black and shows another short-term increase before the breakdown.

Afterward, the BNB price could complete wave Y at the $440 horizontal support area.

BNB Bounce is Not Enough

The BNB price bounced last week, preventing a breakdown from a diagonal support trend line.

However, the wave count suggests the bounce is the final corrective rally before another breakdown.

The price prediction is bearish, and the corrective structure could take BNB down to $440.