$BNB has been grinding through a messy range since early February but something is developing right now. Price bounced hard from the lows around 583–590, pushed back up into the grey supply zone at 635–645, and is sitting right at its floor. This is the decision point.
That grey zone has been the ceiling throughout the consolidation. Every time price approached it, sellers showed up. Now price is testing it again from below and the chart is presenting both scenarios honestly.
The bull case — price breaks through the grey zone, holds above 645 on the 4H, and the arrow pointing toward 680–690 plays out. That would be a meaningful break of the range structure and would shift the 4H bias. The horizontal resistance at 660 is the next wall above the grey zone and clearing that would confirm real momentum.
The bear case — rejection at the grey zone again, a rollover from current levels, and a continuation toward 560–565. That arrow is steep and direct. The range lows around 583 would be the first stop, and losing those would accelerate the move toward the projected target.
Current price at 626.97 is just below the grey zone floor at 635. The dotted pivot at 627 is being tested right now. How the next few 4H candles close around this level will tell you everything.
$BNB is at the same zone that's rejected it before. Bulls need to push through it this time with a convincing 4H close. Anything less and the bear case takes over quickly.
Not financial advice. Third time testing a zone — it either breaks or it doesn't.
#bnb