⬤ BNB has returned to its trading range after a quick trip above resistance didn’t stick. The daily chart shows what looks like a classic fake-out — price pushed higher, got rejected, and now finds itself back where it started. That shift has flipped the broader picture toward bearish.
⬤ The coin rallied past the top of its range but couldn’t hold the gains. Instead of building momentum, it reversed and fell back into the consolidation zone it had been stuck in for weeks. That failed breakout is often a sign that sellers are still in control.
⬤ Below the recent rally, there are several weak lows that haven’t been tested yet — basically unfinished business on the downside. A short relief bounce might happen first, but it could just be setting up a better entry for traders looking to short rather than marking the start of a real recovery.
⬤ With BNB back inside the range, the market has shifted from breakout mode back to choppy, sideways trading. What happens next at resistance will tell us whether the coin keeps drifting lower or finds some footing to stabilize again.
BNB Slips Back Into Trading Range After Failed Breakout
⬤ BNB has returned to its trading range after a quick trip above resistance didn’t stick. The daily chart shows what looks like a classic fake-out — price pushed higher, got rejected, and now finds itself back where it started. That shift has flipped the broader picture toward bearish.
⬤ The coin rallied past the top of its range but couldn’t hold the gains. Instead of building momentum, it reversed and fell back into the consolidation zone it had been stuck in for weeks. That failed breakout is often a sign that sellers are still in control.
⬤ Below the recent rally, there are several weak lows that haven’t been tested yet — basically unfinished business on the downside. A short relief bounce might happen first, but it could just be setting up a better entry for traders looking to short rather than marking the start of a real recovery.
⬤ With BNB back inside the range, the market has shifted from breakout mode back to choppy, sideways trading. What happens next at resistance will tell us whether the coin keeps drifting lower or finds some footing to stabilize again.