• Current Support: Analysts are identifying the $900–$910 range as a new, strong support zone.

  • Target Levels: Immediate upside targets for long positions are focused around $963, with further bullish targets at $970 and the major psychological level of $1,000–$1,050.

  • Trend Status: BNB is showing a "bullish wedge breakout" or consolidation in an ascending channel, with higher lows continuing to form.

  • Network Activity: The bullish sentiment is backed by a 34th quarterly burn of 1.37 million tokens, which reduced supply, and a resurgence in transaction activity, with Total Value Locked (TVL) rising on the BNB Chain.

  • Potential Risks: While the structure is generally bullish, some analysts noted potential for a, temporary, deeper pullback if $900–$920 support fails to hold, with some mentioning that $805 remains a significant, though less likely, liquidity trap. 

  • Market Sentiment & Positioning:

    • Accumulation: The current price action indicates a "cooling-off" period rather than a breakdown, suggesting a pause before a potential new rally.

    • Leverage: Active long positions are seen in a "wait-and-see" mode, with some traders having entered earlier in the $800–$850 range.

    • Technical Indicators: The 4H chart is showing bullish signs, with the 50-day moving average rising. 

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