BNB/USD – Descending Triangle Near Key Support Zone 💪📉📈
$BNB | BNBUSDT Perp: 1,064.64 (-0.24%)
BNB is currently consolidating within a well-defined Descending Triangle, marked by lower highs and a horizontal support zone acting as a key demand base.
Price continues to compress toward the apex, signaling a potential breakout setup in the coming sessions.
🔍 Technical Outlook
Bullish Scenario:
A confirmed break and close above the descending trendline, followed by a CHoCH/BOS (Change of Character / Break of Structure), could trigger upside momentum toward the next resistance zone around 1,195.6.
Bearish Scenario (less likely if support holds):
A strong close below the support zone would indicate potential continuation to the downside. Keep an eye on liquidity sweeps and reaction wicks near the lows for fakeouts.
🧭 Key Takeaway
BNB remains in a compression phase, and a decisive breakout from this structure will define the next major directional move. Until then, patience and confirmation are key.
