The Binance BNB currency has been experiencing a bullish structure since the beginning of 2025, yet recent price movements suggest the possibility of a deeper retracement before any actual breakout.
The currency is currently trading in the middle of a wide price channel, which started in May 2025. With several key technical indicators converging around the $400 level, it seems likely that a retest of this level will occur before resuming the rise towards higher targets, which may include $800.
Key technical points
The BNB currency respected the price channel limits on the long-term timeframe accurately, as it interacted with the upper and lower limits over the past months.
The price is currently near the middle of the channel, an area often associated with hesitation or uncertainty. The $400 level also stands out as a strong support area, as it represents the lower limit of the current channel.
On the other hand, the $400 area is expected to strengthen further, through three main intersections:
The 200-week moving average.
Fibonacci retracement level 0.618 from the recent lowest and highest price movement.
In addition to the presence of a visible liquidity pocket that has not yet been utilized.
It is worth noting that these indicators together form a strong attraction for price movement, and if the price clears the liquidity lurking beneath the current levels and reaches this area, it will complete a healthy test of the lower limit of the channel, paving the way for the start of a sustainable bullish trend.
Structurally, a retracement towards the $400 level will not negate the bullish trend but may actually reinforce it. A price rise again around this support level will enhance the market structure and provide a launch point towards the upper limit of the price channel, which is at the $800 level.
This could mean doubling the value of BNB from the $400 testing area, which would provide an attractive scenario in terms of risk-reward relationship for long-term traders and investors.
