Price Analysis

Here’s Why Binance Coin Price May Outperform Bitcoin Recovery in Coming Month

 A flag pattern formation intact despite the current downturn offers the Binance Coin price an opportunity to regain recovery momentum. 
Published by
Here’s Why Binance Coin Price May Outperform Bitcoin Recovery in Coming Month

Amid the prevailing market downturn, BNB, the native token of leading cryptocurrency exchange Binance, has demonstrated remarkable resilience, consistently holding strong above the crucial $285 support level. As previously highlighted by Coingape, the Binance price is currently exhibiting a bullish flag formation on its daily chart, a development that suggests a potential for buyers to regain momentum and propel the token to higher levels.

Why BNB Price Is Poised for 38% Growth?

  • A recent reversal from the flag pattern resistance indicates the BNB price may continue in the correction phase.
  • As per the Fibonacci retracement tool, the coin traders may face sufficient demand pressure at $295 and $280
  • The intraday trading volume in the BNB coin is $1.027 Billion, indicating a 20% gain
Binance Coin Price| TradingView Chart

Over the past month, the price of Binance Coin price has shown significant volatility, fluctuating within the confines of a flag pattern defined by two converging, downward-sloping trendlines. Although these trendlines indicate a correction phase, the coin’s maintenance above the 38.2% Fibonacci retracement level suggests that the broader recovery trend remains unbroken.

As the Bitcoin price fell below $40,000, the wider crypto market experienced increased selling pressure, extending the correction phase across most major cryptocurrencies. During this sell-off, BNB’s price took a notable hit, dropping from $320 to $295, culminating in a 7.85% decline over the last 48 hours.

While there is a potential risk of the price of BNB dipping to $280 due to ongoing supply pressures, buyers still have a significant chance to reverse the trend as long as the flag pattern remains valid. Consequently, bullish traders should be on the lookout for a breakout above the pattern’s resistance trendline, as this would be a strong indication of an uptrend continuation. 

Should such a breakout occur, it could potentially elevate the coin’s value to an impressive high of $430

Advertisement

Is Binance Coin Price Ready for Bull Run?

During the December rally, the BNB price experienced a significant breakout from the resistance trendline of a symmetrical triangle pattern that had been forming over two years. This escape from a prolonged sideways trend signifies a major shift in market dynamics to provide an advantageous opportunity for buyers to re-enter the market and continue the recovery trend. Following the trajectory suggested by the triangle pattern, there’s a potential for BNB’s price to target a substantial-high of around $560

  • Relative Strength Index: The RSI slope below 50% reflects the selling momentum is aggressive.
  • Exponential moving average. A bullish alignment between the daily EMAs (20, 50, 100, and 200) indicates broader trend remains positive.

Related Articles:

Share
Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition

Chainlink price has been carving a path of resilience, supported by steady inflows and consistent…

September 6, 2025
  • Price Analysis

Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut

Cardano price is eying a 30% surge in the coming weeks after forming a highly…

September 5, 2025
  • Price Analysis

ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?

Ethereum ETF products have gained increased attention as the market observes new institutional entries. At…

September 5, 2025
  • Price Analysis

Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?

Bitcoin price has continued to draw attention as the market reacts to fresh catalysts. At…

September 5, 2025
  • Price Analysis

ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?

At press time, ONDO trades at $0.9083, marking a 5.2% drop in the past day.…

September 5, 2025
  • Press Release

Dogecoin Price Forecast as REX Osprey ETF Sparks Hype — Is $5 Within Reach?

Dogecoin price has entered the spotlight again as technical structures and institutional filings spark optimism.…

September 5, 2025