Binance Coin Faces Correction After Rallying Over 80% in a Month
Binance Coin (BNB) has pulled back sharply from its recent all-time high (ATH) near $1,371, retracing 12% as traders locked in profits after a month-long surge. The correction follows one of BNB’s strongest rallies of 2025, during which the token gained nearly 80% in under four weeks before encountering resistance at the upper trendline.
At the time of writing, BNB trades near $1,176, marking a 9% intraday decline. Technical indicators on the daily chart show the asset slipping from a steep ascending channel, with short-term support zones forming between $1,150 and $1,060.
The $1,220–$1,230 range, once a strong breakout zone, has now turned into resistance following the retracement. Volume data also reveals a noticeable spike in sell-side activity, confirming a profit-taking phase after BNB’s record-breaking move.
According to BITX crypto market strategist , “BNB’s move above $1,300 attracted aggressive buyers, but the parabolic run needed a reset. The pullback toward $1,150 is healthy and offers a potential re-entry point if momentum stabilizes.”
Key Levels to Watch
The chart highlights two critical support areas: the $1,060 mid-range zone and a deeper demand area between $850 and $900. These levels align with previous consolidation phases where institutional buyers accumulated positions earlier this quarter.
If BNB holds above $1,150, analysts suggest a potential rebound toward $1,300. However, a close below $1,060 could extend the correction toward the $900 base, a region associated with high liquidity.
Despite the short-term decline, overall sentiment around BNB remains constructive. Market analysts view the retracement as a technical cooldown rather than a structural reversal.
“BNB’s fundamentals remain strong — exchange volume growth and deflationary tokenomics continue to support its value,” According to BITX analyst. “The $1,400 zone remains the next key breakout level if bulls regain momentum.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.