BNB has slipped below its long-standing uptrend line, raising new concerns about a deeper pullback. However, the selloff is unfolding right inside a key support zone, where several technical signals suggest buyers may be preparing for a countermove. As the risk of collapse collides with early signs of recovery, BNB is now at a pivotal moment that could determine its next big move.
The break of the bullish trend line signals a change in the character of the BNB market
According to crypto analyst Marcus Corvinus, BNB has just undergone a significant structural change by losing its long-standing uptrend line. This technical break is a crucial development that is quickly changing market sentiment from optimism to caution as a primary support trendline has been invalidated.
The analyst noted that while price has respected this uptrend for an extended period of time, this decisive break suggests that buyers are finally losing control. The momentum is visibly cooling, giving sellers the opportunity they need to apply pressure and take control of short-term price action.
Corvinus warned that if the price fails to reclaim the broken trendline, the path could open for a much deeper downside move. He emphasized that this current behavior appears to be a fundamental change in market structure and not just a typical small decline, indicating a longer period of weakness.
Thus, the market has now entered a zone of caution, with the analyst noting that the bears are knocking on the door of lower support levels. The market's next major reaction will be the deciding factor in whether BNB can resume its uptrend or embark on a new, sustained downtrend.
Confluence occurs in the important support zone
In a recent update on X, analyst Batman revealed that BNB is currently working on an extremely attractive long setup. The asset is exhibiting a rare coincidence across multiple technical indicators, suggesting that current price levels could serve as a strong launching pad for the next advance.
This setup is based on a confluence of support levels. Specifically, BNB is moving within a strongly bullish fair value gap (FVG). This high interest rate zone received a positive reaction from the market as the price reached the 0.618 Fibonacci retracement level.
To further strengthen the bullish conviction, the momentum oscillators have adjusted in line with the price movement. Batman pointed out that the stochastic indicator has officially formed a bullish divergence, followed by a golden cross. Significantly, this combination signals that selling exhaustion has been reached and buyers may be regaining control, paving the way for a possible sustained price recovery.
