- Price is forming a rising wedge after bouncing off a multi-month low.
- Every push higher is being met with sharp rejections—yet buyers return each time.
- A strong breakout above $645 could turn the tide in BNB’s favor.
A Comeback, But Not Without Scratches
BNB bulls really tried to flip the narrative this month. After that sharp dip to around $508, price rebounded hard and climbed to $643 before hitting resistance again. It’s not a smooth ascent though—it’s been choppy, frustrating, and kinda dramatic if we’re being honest.
What stands out is how quickly BNB recovers after those dips. The higher lows suggest buyers aren’t giving up without a fight. But the ceiling around $645? It’s held up like a brick wall so far. You can almost feel how many people are watching that level, waiting for a clean breakout.
The Wedge Is Tightening
Right now, BNB is forming what looks like a rising wedge. These setups can go either way, but in this case, the momentum is still leaning bullish—barely. The pullbacks are getting shorter, which could mean bulls are getting more confident. Or just more impatient. Probably both.
There’s a key inflection point just above current levels. If BNB can push past $645 with follow-through, it might retest the $730 region from early March. On the flip side, a drop back under $600 would deflate a lot of that momentum. That’s the zone to watch.
No Collapse, But the Pressure’s On
Despite the back-and-forth, BNB is still in decent shape structurally. We’re not seeing the kind of panic selling that drags prices into free fall. And every time the bears step in, bulls show up not long after to patch things up. It’s not the most explosive action—but it’s resilient.
That said, it’s tough to get too excited until we see a real commitment from either side. This back-and-forth grind could stretch a little longer unless a big macro catalyst steps in. But if you zoom out a bit, BNB’s still sitting on a solid recovery path from its February lows.
So yeah—it’s not breakout season just yet, but it’s also far from bearish. For now, this market feels like it’s just waiting for someone to blink first.
A Quick Note on BNB’s Origin
BNB was launched by Binance in 2017 as part of its exchange ecosystem. It started as an ERC-20 token before migrating to its own chain, and it powers everything from trading discounts to transaction fees on BNB Chain and Binance Smart Chain.
