BNB has been going through a corrective phase on the higher timeframes after its strong rally earlier in the cycle. On the weekly chart, price action shows that BNB is still respecting its broader ascending structure, trading within a long-term upward channel. The recent pullback appears to be a healthy retracement rather than a trend reversal, as buyers continue to defend key technical zones. The $1,000–$1,050 area stands out as an important intermediate resistance, while the $998 region aligns closely with the channel’s midline, acting as a critical pivot for short- to mid-term direction.
If BNB manages to hold above this mid-channel support and build momentum, a gradual recovery toward $1,150–$1,160 becomes increasingly likely. This level represents a major resistance zone where previous supply entered the market, making it a natural target for the next leg higher. A clean break and consolidation above this area could open the door for renewed bullish continuation within the larger trend. Until then, patience remains key, as confirmation around these levels will determine whether BNB resumes its upward trajectory or extends its consolidation phase.$BNB