🔥BNB at $890 — Approaching Key Support Within the Ascending Channel
$BNB is trading near $890, moving toward the lower boundary of its established ascending channel. Price is nearing an important support area that has consistently provided stability during previous pullbacks.
Key Technical Levels
Channel Support: Lower boundary of the rising structure.
Support Zone: Around $850, highlighted as a region where buyers have previously reacted.
Lower Levels: $790 and $736 if the channel fails.
Upside Objective: A rebound from support would position price toward the upper channel region.
Market Structure
BNB has maintained a clear upward channel, respecting both boundaries with precision.
The current move toward support aligns with the broader trend and does not yet indicate structural weakness.
If buyers defend the $850 area, the next rotation toward the upper channel becomes the logical continuation of the trend.
📌 Outlook
$BNB is approaching a decisive level.
Holding the lower channel support keeps the bullish structure intact.
A breakdown would shift momentum and open the door to deeper retracement levels.