BNB recently hit a new all-time high around $1,400. Following this strong upward move, the chart has now formed a clear M-pattern, triggering a short-term downward consolidation. The price has retraced to the 50-day EMA and approached a major support area near $1,040. If this zone fails to hold, there’s a chance the lower wick from October 10 — which marked a sharp sell-off — could be retested or partially filled.
In the short term, the next direction largely depends on Bitcoin. As long as Bitcoin remains volatile, many altcoins lose relative strength since capital tends to flow back into the leading cryptocurrency. Still, the daily chart shows early signs of potential stabilization. The RSI (Relative Strength Index) is holding around the 50-point area, hinting at a possible recovery. The MACD (Moving Average Convergence Divergence) is also starting to ease selling pressure, provided that daily candles remain steady.
The heatmap (top left of the chart) reinforces this view. Most liquidity below the current price has already been absorbed, while new liquidity zones are emerging above current levels. This suggests that, once Bitcoin’s influence eases, the market could regain upward momentum and capital might flow back into altcoins.
The 4-hour chart confirms a phase of technical consolidation. The price is currently holding within the green zone — a region that has repeatedly acted as a temporary bottom. This area now serves as a short-term support base, providing ground for a potential recovery.
However, for a sustained uptrend, BNB must break through several technical barriers. The critical levels to watch are the 50 EMA and 200 EMA, both converging near the red resistance line around $1,135. A clear breakout above this confluence would open the door for renewed bullish momentum. As long as the price remains below, the structure stays vulnerable to further pullbacks.
The liquidation levels (top left of the following chart) present a balanced picture. The delta remains largely neutral, suggesting that traders are waiting for clearer signals — neither long nor short positions currently dominate the order book. A decisive move above the EMAs could trigger short-term bullish momentum, while another rejection at resistance would increase the risk of a deeper correction.
Overall, BNB finds itself in a crucial market phase — balancing between short-term weakness and a potential continuation of the broader uptrend. The reaction around the $1,135 level will likely determine the next major direction for the asset.