BNB is moving inside a bearish pennant pattern after a strong drop, which usually means the market is pausing before continuing in the same downward direction. Price is squeezing into a tighter range, and as it nears the end of this pattern, a sharp move is likely. The analysis highlights $659 as a major resistance level where price keeps getting rejected, making any short-term bounce risky. On the downside, the key support zone sits around $532–$537, which becomes the main target if price breaks lower. The writer stresses that this setup formed after a decline, not during an uptrend, which strengthens the bearish case. Low volume during consolidation and the failure to regain structure suggest sellers still control the trend, with charts referenced from TradingView and context tied to market behavior around Binance.

Personal opinion:

I agree with the article’s core view. The logic is clean and disciplined, and it avoids emotional price predictions. A bearish pennant after a clear drop usually favors continuation, not reversal, and the focus on structure instead of hope is the right approach. The $659 level is correctly framed as a liquidity trap zone rather than a bullish signal, which many traders misunderstand. That said, I’d add one caution: in broader market strength, BNB can still produce sharp fake breakdowns before moving higher, especially given its ecosystem role. Still, until price clearly reclaims resistance with strong volume, the safer assumption is downside risk toward $532–$537. Overall, this is a solid, professional technical read that respects trend, structure, and probability rather than hype.

Source: crypto.news