BNB Hits Major Buy Zone After 2024 Breakout Retest
BNB is now buying and selling at a stage that beforehand marked a breakout in 2024. After pulling again from its latest peak, the worth is sitting proper at a former resistance that’s now being examined as assist.
Consequently, this space has held earlier than and is as soon as once more in play as merchants reassess short-term positioning.
BNB Returns to Channel Support
BNB is priced at $850 at press time, exhibiting a slight 24-hour acquire of over 1%, although it’s down 7% over the week. On the 2-week chart, it has tapped the higher boundary of an ascending channel, a stage that capped the worth motion for many of 2024 and early 2025. After breaking out and reaching above $1,350, the asset has retraced to retest that very same trendline.
“BNB simply tapped an enormous confluence stage,” said CryptoPulse.
Notably, the realm traces up with the earlier resistance-turned-support and sits in the midst of the prior rally vary. If consumers step in right here, a push towards $950–$1,050 stays attainable. So far, quantity has not proven indicators of main promoting, which retains the construction intact.
On the month-to-month timeframe, BNB has returned to a key trendline that has held since 2024. According to Cryptocium, BNB has not closed a month-to-month candle under this line with robust draw back momentum.
“BNB again to the foremost bullish trendline,” they famous, including that the worth has revered this development for almost two years. As November’s month-to-month shut approaches, merchants are watching to see if bulls can defend this zone as soon as once more.
User Activity Continues to Grow
While the worth motion has pulled again, BNB Chain’s community exercise has grown steadily in 2025. Charts shared by TCC present a rising development in lively addresses. From underneath one million day by day customers in early 2025, the chain has maintained ranges above 1.5 million since July, often peaking close to 3.5 million.
“BNB Chain is quietly climbing,” they posted, pointing to stronger utilization regardless of the latest drop in worth. The continued rise in community engagement might recommend underlying demand stays stable.
In addition, information from YZi Labs reveals that extra BNB is being saved in self-custody. Exchange balances are dropping as customers transfer tokens to non-public wallets. CryptoPotato reported this shift earlier in November, noting that possession is changing into extra dispersed throughout the community.
Meanwhile, open curiosity on BNB futures is now at $1.34 billion, properly under the September high close to $2.8 billion. The chart reveals that each the worth and open curiosity have trended decrease since that peak, pointing to much less speculative exercise in latest weeks.
While the asset has discovered some footing within the $850–$900 vary, futures curiosity stays muted, suggesting merchants are nonetheless ready for stronger indicators.
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