📊 Technical Analysis (4‑Hour Timeframe)

🔄 False-Breakdown & Support Reclaim

BNB dipped below key support near $651–$640, wicking to ~$633, only to strongly reclaim above $651.5, marking a classic false-breakdown—a common bullish trap setup fxleaders.com+9tradingview.com+9tradingview.com+9.

Suggests robust buyer demand in the $633–652 zone, offering a high-probability long setup on 4H.

📈 Rising Channel Pattern

BNB trades within a clearly defined ascending channel on the 4H chart—making higher highs/lows between approximately $620–600 support and $700–720 resistance tradingview.com+1tradingview.com+1binance.com.

A breakout above the $720 level could propel price toward $800 short-term .

⚙️ Indicators: Parabolic SAR & MACD

Parabolic SAR dots are above price, signaling a short-term bearish bias; MACD recently dipped negative on the 4H, indicating mild bearish momentum iconomi.com+11binance.com+11tradingview.com+11.

However, bullish reclaim of support weakens the bearish signal—ideal scenario for long entries on dips.

🔢 Fibonacci Context

Price is hovering near the 50% retracement of its recent swing—another common area for bulls to enter tradingview.com.

Support confluence near $623–655, interplay of channel and fib adds strength to this zone binance.com+3tradingview.com+3binance.com+3.

💡 Fundamental Analysis

🏗️ Institutional & DeFi Adoption

BNB Chain benefits from increasing institutional attention—supports like VanEck’s ETF filing and large-scale stablecoin issuance (USD1) strengthen use cases