Binance Coin (BNB) Price Drop Wasn’t an Accident – This Analyst Says the Real Opportunity Is Here
Binance Coin (BNB) took a heavy hit. The BNB Price is down about 47% from its all-time high near $1,374 and traded into the $530–$420 area. The drop looked ugly, but some traders say it followed the chart closely.
Top analyst Crypto Patel says this zone was marked out well before the sell-off. He argues the move was part of a broader reset, not a surprise breakdown. As price reached the area he highlighted, his focus shifted from defense to preparation.
What the BNB Chart Shows
The long-term chart places the Binance Coin price inside a wide structure that has been in place for years. After the peak, price worked lower and finally reached a band where buyers have stepped in before. That band sits between roughly $530 and $420.
This area lines up with key retracement levels and prior support. When price returned there, selling pressure slowed. That does not confirm a bottom, but it explains why attention has moved to this zone.
Why This Area Matters For BNB
Deep pullbacks often force fast exits. Once that selling clears, price tends to move more calmly. BNB’s drop pushed many traders out and reduced leverage across the board.
Patel views the current range as a base-building area. His long-term upside references stretch well above current levels, but those ideas depend on price holding this support and the broader market settling.
This setup carries risk. If the BNB price fails to hold the $420 area, price can explore lower levels before finding balance. No chart removes that possibility.
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However, Patel has stressed patience and sizing over speed. The idea is not to chase a bounce, but to wait for stability and confirmation over time.
BNB’s drop followed a clear path on the chart. The sell-off brought the BNB price into a zone some traders had marked months earlier.
This does not mean the worst is over. It does mean price has reached an area where reactions often happen. From here, the next move depends on whether buyers can defend, support and rebuild the structure.
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