Binance Coin (BNB) is starting to show some strength again. After sliding for most of November, it bounced nicely off the $800 support zone, which many traders were watching.
That move helped ease some of the recent bearish pressure. At the moment, the BNB price is sitting near $830, holding steady while the market waits to see what comes next.
Analyst Rand summed it up well, BNB is now pressing right up against its main downtrend resistance. In other words, prices are getting squeezed, and a bigger move may be coming.
What the Binance Coin Chart Is Showing
The BNB price had a huge run earlier this year before topping out around $1,350. Since then, it’s been trending lower, forming a series of lower highs. But even with that pullback, buyers keep stepping in at important levels.
The bounce from $780–$800 shows there’s still demand. The overall bullish structure hasn’t been destroyed, the market just cooled off after a big rally. Now, price sits just under the trendline that has repeatedly rejected BNB this month.
So, the chart is basically saying: a decision point is close.
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However, the $900 level is where things get interesting. It lines up with trendline resistance and a past supply zone. If the BNB price can break above it – and actually stay above it – that could flip momentum back in favor of buyers.
If that happens, traders will likely start eyeing the next targets around $980 and $1,050. A successful breakout would also show that sellers are losing control, opening the door for a bigger recovery.
Moreover, if the BNB price can’t push through $900, it may slide back toward $800 again. That level needs to hold – losing it could invite a deeper drop toward $750.
For now though, buyers are still defending support, so there’s no clear breakdown happening.
BNB Price Outlook
The BNB is basically coiling, tightening between support and resistance while momentum builds. Setups like this usually don’t stay quiet for long, and they often lead to strong moves once price picks a direction.
So as long as the Binance Coin (BNB) holds $800, bulls still have a case. But if it finally breaks and holds above $900, that could be the spark for a full trend reversal. Until then, BNB looks calm, but definitely not boring.
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