BNB at Risk of a Bearish Reversal? Technical Analysis for February 26, 2025

After recording a performance of over 44%, BNB faced a decline that raised questions about its bullish momentum. Discover Elyfe’s analysis to decipher the technical outlook for BNB.

BNB Price Situation

After reaching a new peak at $725, the BNB price attracted selling interest, leading to a pullback of 44%. This bearish movement saw the cryptocurrency drop to $403, a level where renewed buying interest emerged, allowing BNB to re-enter the support zone around $470.

Subsequently, the asset consolidated in the form of an ascending triangle. The bullish breakout from this technical structure triggered a new expansion phase for BNB, which then marked a new ATH at $794.

However, this bullish momentum did not last. The BNB price began to retract, initially finding support around $650. Despite a bounce attempt at this level, selling pressure in the cryptocurrency market led to a continued decline.

BNB thus tested an initial support at $508 before making a second bounce around $560. It was then that renewed buying interest emerged, pushing the price towards the $740 resistance. Nevertheless, the asset once again failed to break through this level, initiating a new corrective phase.

At the time of writing, BNB is trading around $630. In the short to medium term, the trend remains bearish, as evidenced by the 50 SMA and the VWAP, both located above the current price. However, it is important to note that the underlying trend remains bullish, supported by the 200 moving average. Furthermore, the cryptocurrency is trading above a significant value area, suggesting persistent buying pressure.

As expected, BNB’s bullish momentum has slightly weakened since its last bounce. This loss of momentum is reflected not only in the price but also in the technical oscillators, which show a slight retracement.

The current technical analysis has been conducted in collaboration with Elyfe, an investor and educator in the cryptocurrency market.

Focus on Derivatives (BNB/USDT)

Over the past few weeks, we have observed a simultaneous increase in open interest and the underlying price, signaling a growing interest in BNB/USDT perpetual contracts.

However, the bearish recovery of BNB has led to a decrease in open interest, suggesting a gradual unwind of speculative positions.

The decline in CVD has accelerated, indicating a dominance of selling orders. Meanwhile, the negative funding rate confirms persistent selling pressure on BNB/USDT contracts. This dynamic reflects a resurgence of seller aggressiveness on BNB, increasing the risk of continued decline if no reversal in buyer flows occurs.

The drop in BNB has led to slight liquidations of buying positions after breaking through the $630 support. These liquidations reflect increased selling pressure and marked volatility in the cryptocurrency, weakening the buying momentum.

The liquidation heatmap for BNB/USDT perpetual contracts reveals that the cryptocurrency has passed through a marked liquidation zone identified around $620. However, this does not appear to have triggered any significant orders impacting its price.

Currently, the key liquidation zones are located on either side of the current price:

• Above, the first liquidation zone is identified around $700, followed by a much larger zone between $730 and $770. Even higher, the $800 zone constitutes a notable level.
• Below, liquidations are not truly apparent. However, a more subtle zone highlights levels of $584, $565, and $539.

These thresholds represent major inflection points for the market. An approach of the price towards these levels could trigger the massive activation of orders, thus playing a key role in upcoming movements, depending on the dynamics of supply and demand.

Forecast for BNB Price

• If BNB manages to maintain above $590, a recovery could allow it to re-enter the $685 zone, thereby paving the way towards the $740 resistance. Breaking through this threshold could then favor a return to $760, then towards its ATH at $794, which would represent an increase of about 27%.
• Conversely, if BNB fails to hold the $590 threshold, it could find support around $560. A break of this level could risk leading to another correction towards the $470 zone, or in the worst-case scenario, down to $403. This would correspond to a decline of about 36%.

Conclusion

BNB oscillates between rises and corrections. After a peak, selling pressure caused a significant pullback, followed by a bounce that fueled a new bullish momentum. However, this momentum was not sustainable, leading to a new corrective phase. Currently, the short-term trend remains under pressure despite buyer support in the background. Future developments will depend on the market’s ability to maintain positive momentum. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.

Finally, it is important to remind that these analyses are based solely on technical criteria, and that cryptocurrency prices can evolve rapidly based on other more fundamental factors.

Did you find this study interesting? Check out our latest bitcoin analysis.