BNB Faces Growing Selling Pressure After Repeated Breaks of Structure
Binance Coin (BNB) is struggling to regain bullish momentum after failing multiple attempts to break back above the $1,000 psychological level. Fresh technical readings from the 4-hour chart show a clear shift in market structure, with successive CHoCH and BOS signals marking a broad transition from strength to weakness. The inability to reclaim lost support zones indicates that sellers remain firmly in control.
BNB Stalls Beneath Key Supply Zones
The chart shows that BNB has been unable to climb back into the mid-range supply area between $1,030 and $1,150, a region that previously acted as a major decision point for price continuation. Instead, the asset has repeatedly rejected from the lower boundaries of this block.
BitXJournal Analysts observing the move note that the rejection below the $1,000 level underscores a structural shift that began in late October.
“BNB’s pattern is showing a clean sequence of lower highs and repeated CHoCH events. This tells us buyers are not defending key zones the way they did during September and early October,” said BitXJournal market technician tracking large-cap assets.
The chart also highlights a Strong High around the $1,030 region, which has not been challenged since the November breakdown.
Demand Zones Are Weakening
BNB is currently trading just above a large demand block between $880 and $940, but the formation of an Equal Low (EQL) near the recent bottom suggests liquidity may still be resting below current levels.
If these lows break, analysts expect a deeper sweep into the lower demand range between $820 and $860.
BitXJournal trader noted, “The market is showing classic redistribution behavior. Unless BNB closes decisively above $1,000, downside liquidity is the more likely target.”
BNB’s failure to reclaim $1,000 reflects a broader shift in market direction, reinforced by continuous structural breaks and fading bullish responses. Unless buyers regain control above the key supply zone, the path of least resistance remains to the downside.
The coming sessions will determine whether BNB can stabilize within its current demand area or slide toward fresh multi-month lows.
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.