BNB appears to be regaining strength after a brief pause, with bulls showing signs of renewed intent. Despite a weak Wave (5) formation, the broader uptrend remains intact, and momentum is quietly building. If the push continues, the next major test lies near the $1,300 zone — a level that could define BNB’s bullish chapter.
Wave (5) Weakness Signals Possible Completion Of The Bounce
Providing an update to a previous post on BNB, More Crypto Online highlighted that the recent bounce visible on the chart may now be nearing its completion phase. While price action initially appeared promising, momentum has started to weaken, raising questions about the sustainability of the upward move.
According to the analyst, Wave (5) in the current structure looks relatively weak, which could indicate that buying pressure is fading. This development may point to the market preparing for a potential retracement or sideways movement before establishing a clearer direction.
More Crypto Online emphasized the importance of staying flexible at this point, as market structure remains uncertain. Despite the recent bounce, there’s still no clear indication that the broader Wave 4 pullback has concluded. Until confirmation appears, the possibility of another downward move within the corrective phase cannot be ruled out.
Despite the short-term uncertainty, the analyst maintained a positive long-term outlook, stating that the overall uptrend remains intact on the higher timeframe, as long as key structural supports hold firm.
Breakout Builds Strength — Bulls Target The $1,230–$1,300 Zone
According to a recent update by crypto analyst BitGuru, BNB’s price action is showing early signs of renewed strength, with buyers gradually stepping back into the market. The recent upward movement suggests growing confidence among traders after a period of consolidation.
In his post, BitGuru outlined that if this breakout gains traction, BNB could climb toward the $1,230–$1,300 range in the next bullish leg. Such a move would signal a continuation of the broader uptrend and potentially attract more momentum-driven participants. He further emphasized the importance of monitoring the current price action closely, noting that momentum is steadily building.
As of the time of writing, BNB has recorded a 6% decline in the past 24 hours, currently trading around $1,027. This drop reflects a cooling phase after recent bullish attempts, as traders assess short-term market conditions. The token’s market capitalization now stands at approximately $141.34 billion, positioning it among the top-performing assets despite the temporary pullback. Meanwhile, the 24-hour trading volume of $2.85 billion indicates active participation across exchanges.
Source link
Godspower Owie
https://www.newsbtc.com/analysis/bnb/bnb-to-challenge-the-1300/
2025-11-04 04:00:00
