BNB/USDT is trading at 682.50 after pulling back from the 1,375.11 high. The weekly chart shows price is holding inside a rising channel that’s been in play since early 2024. Right now BNB is sitting near the lower boundary of that channel around 650-700.
This zone acted as support on the last two touches, and holding here keeps the higher low structure intact. A bounce from this area puts the red supply zone at 830-917 back in focus as the next resistance. That zone rejected price on the drop from 1,375, so a reclaim would signal momentum returning.
If the channel breaks down on a weekly close, the next major support is the 401.43 level from the previous accumulation base. That would mark a shift in market structure.
For now, BNB is respecting the rising channel and forming a base above 650. The next few weekly closes will determine if this is a higher low setup for another push toward 917 and beyond, or if sellers take back control.
Trade from here before DYOR 👇
