Binance Coin (BNB) Technical Analysis – Is a Rebound Imminent? (November 3, 2025 Update)
Current Price: \approx \$1,008 USD
BNB is currently trading around the \approx \$1,008 mark following a period of selling pressure that pushed the price down from the previous support level at \approx \$1,080. We are now at a critical juncture characterized by a balance between buying and selling forces. Close monitoring of the upcoming price action is essential to determine the next direction.
Bullish Reversal Scenario (Buy Signal)
The positive scenario requires a successful bounce from the critical support zone located between $950 and $1,000.
* Key Trigger: We need to see stabilization above this zone, coupled with a notable increase in trading volume.
* First Target: If the rebound is successful, the initial target will be to test the resistance level at $1,200.
* Next Target: A clear breakout and daily close above 1,200 could pave the way for an extension towards $1,350 to $1,400.
* Confirmation: This scenario will be reinforced by rising momentum indicators like the RSI and MACD.
Support Breakdown Scenario (Caution Required) ❗
The negative scenario is activated if the current support fails to hold.
* Warning Point: A clear and sustained breach of the $950 - $1,000 support zone is a strong signal for continued selling pressure.
* Downside Target: Such a breakdown could lead to BNB dropping to test the next structural support level at $900.
* Recommendation: Traders must exercise extreme caution if buyer weakness persists at these levels.
Technical Guidance for Traders
* For Short-Term Traders: Patience is key. It is not advisable to enter a position before confirmation of the trend: either a strong bounce from 950 or a clear breakout above 1,200.
* For Long-Term Investors: The current level might present an opportunity for calculated accumulation, but it is crucial to set a Stop-Loss below $900 to protect capital.
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