BNB is trading in a tightening compression zone between rising support from its December lows and a descending trendline resistance near $900–$910. The price currently hovers around $886 as buyers defend the ascending structure. The coin has gained nearly 5% over the past week, stabilizing above the $880 level following a steady recovery from late-December lows.
Technical analysis reveals a series of higher lows since December 26, signaling an improving short-term structure. The price action is characterized by a gradual, stair-step advance rather than sharp speculative spikes, with volume expanding on upside moves and contracting during pullbacks—indicating controlled accumulation and limited aggressive selling pressure.
Key levels are in focus: Immediate support lies at $872–$875, with major support in the $855–$865 zone aligning with the 50-day Simple Moving Average (~$864). A break below $858–$865 would risk renewed downside and invalidate the current higher-low structure. On the upside, near-term resistance sits at $890–$900, with upper resistance at $920–$940. A decisive breakout and hold above $910–$900 is seen as critical to shifting momentum higher and opening a path toward the $920–$940 range.
Momentum indicators remain neutral, with the 14-day Relative Strength Index near 54, suggesting room for movement in either direction. BNB is trading above both its 50-day and 200-day SMAs, reinforcing a structurally constructive setup despite broader market sentiment readings that still lean defensive with "extreme fear" present across crypto markets.
The base case scenario anticipates sideways-to-higher consolidation between $875 and $900, building pressure for a potential breakout. The bullish scenario depends on sustained acceptance above $900.
