1. In-depth technical analysis

Overall trend: After reaching an all-time high near $793 in early December 2024, BNB's price has corrected down about 30% and is currently trading around the $550 - $600 range.
On the daily (D1) and weekly (W1) charts, BNB is still within a gradually ascending price channel formed since mid-2024.

The medium-term uptrend is maintained as long as the price remains above important moving averages. Specifically, if BNB stays above the daily MA50 (estimated around $620 - $650 according to recent data), then the short-term uptrend remains positive; conversely, staying below the daily MA200 will warn of weakening trends.

Main support and resistance area: Currently, the $550 - $600 range is acting as strong support in the short term – this is the area where BNB accumulated after the recent correction.

If it breaks below $550, the next support may appear around $530 (the low in mid-December 2024) and further at the psychological level of $500.
On the contrary, the $650 area is the near resistance (coinciding with the MA200 line and the peak of the current price channel).

If BNB convincingly breaks above $650, the next target will be the $676 - $690 area – this is the high point from June 2024 and also coincides with the price forecast for March 2025 according to Changelly analysis.

Stronger resistance above is at previous peaks: around $724 (the high of 2024)
and especially the $790 - $800 range near the historical peak.

Analysis of technical indicators: Common indicators are showing a neutral to slightly positive state for BNB, but have not issued a clear breakout signal.

  • RSI (Relative Strength Index): The relative strength index is currently not in an extreme overbought or oversold region. The daily RSI is around the average of ~50; if the RSI drops to the area30 - 40, BNB will enter themildly oversold, signaling the possibility of a technical rebound, while if the RSI exceeds70, it indicates aoverbought state with the risk of a downward correction.
    Data in mid-March 2025 shows that BNB's RSI is in a neutral state after a previous downtrend, so it is necessary to monitor whether the RSI shows any divergence or special breakout.

  • MACD (Moving Average Convergence Divergence): On the daily timeframe, BNB's MACD line shows signs of converging with the signal line but has not yet had a clear golden crossover. If the MACD crosses below the signal line, it is a sign of increasing downward momentum. Conversely, a MACD crossover upwards will confirm the return of bullish momentum. Some analyses on social media (X/Twitter) on March 17 suggest that the MACD needs to show strong buying momentum to bring BNB back to the high levels of $790 or even $1000.

  • Bollinger Bands: The Bollinger Bands indicate the recent price volatility of BNB. In the decline at the end of Q1 2025, BNB's price approached the lower Bollinger band around $550 - $575, which can be seen as a short-term oversold signal (potential buying zone). Conversely, if the price surges close to the upper Bollinger band (currently around $650 - $676), that will signal that the uptrend is strengthening. The tightening or widening of the Bollinger Bands in the near future also needs to be monitored to assess the potential for strong volatility.

  • Fibonacci Retracement: Based on the Fibonacci scale, if takingthe low of $530 (mid-December 2024) tothe high of $793 (early December 2024) as the retracement segment, the key retracement levels include0.618 (~$620),0.5 (~$660) and0.382 (~$690).
    Currently, BNB is fluctuating around the middle of0.618 - 0.5 Fibonacci, which is approximately $620 - $660.
    Maintaining above the 0.618 level ($620) will support the uptrend, while breaking above 0.382 ($690) may likely lead to a retest of the previous peak. Conversely, losing the $620 (0.618) level could cause the price to slide back to the $580 (0.786) or $530 (1.0 level, meaning the entire range of adjustment).

    Price patterns and signals: Currently,there are no clear reversal patterns such as head and shoulders or double tops/bottoms on BNB's daily chart. The dominant trend remains the aforementioned ascending channel. However, investors need to be cautious if BNB creates adouble top around the $720 - $800 area and then weakens, or forms ahead and shoulders structure at high peaks – these patterns, if they appear, will signal a potential downward reversal. On a positive note, somecandlestick patterns indicate signs of support: for example, on March 18 on the D1 chart, aninverted hammer appeared around ~$550, implying that bottom-fishing buying pressure has entered.
    However, to confirm a bullish reversal, additional strong bullish candles and large volume following this hammer candle are needed.

    Volume: BNB's trading liquidity tends todecrease gradually during the early 2025 correction, indicating that the selling side is not too aggressive but also lacks the buying force to push prices up quickly.
    Low volume during price declines is often a sign that selling pressure is diminishing. If the pricetests the $550 - $600 range withspiking volume, it will be an important signal: increasing volume along withprice bouncing up from support will confirm strong buying absorption (a positive signal), conversely, if volume increases butprice breaks support it may signalstrong selling.
    Currently, the inflow of funds into BNB is still assessed as 'not really strong' enough to create a breakout, so it is necessary to wait for confirmation signals from volume when the price touches important support/resistance levels.



    In summary, technical analysis shows that BNB is accumulating after a strong rally at the end of 2024. The short-term trend is neutral with a range of $550 - $650, a breakout from this range is needed to determine the next direction. Investors should pay attention to the mentioned technical levels and monitor price reactions along with volume when BNB reaches those levels to make decisions.