- BNB rejected cleanly from the $1,016 Fibonacci resistance, confirming corrective wave 4 remains active.
- Preferred Elliott Wave scenario suggests one final dip toward $822 before wave 5 begins.
- A breakout above $1,016 would invalidate the bearish outlook and trigger early upside toward $1,200+
BNB Price Analysis: Resistance Zone Holds, Signaling Potential Final Dip in Correction PhaseBy CoinCryptoNews Staff | November, 2025 Binance Coin (BNB), the powerhouse token fueling the world’s largest crypto exchange ecosystem, is navigating choppy waters as it grapples with a stubborn resistance zone. Trading around $910 as of today tradingview.com, BNB has shown resilience amid a broader market pullback, but technical indicators suggest the jury is still out on its next move.
What a Break Above $1,016 Would Mean for BNB
A recent Elliott Wave analysis shared by crypto analyst @Morecryptoonl highlights a pivotal moment: the price has so far respected a key resistance cluster, pointing to one more potential low before a bullish reversal—or an early breakout that could upend the script.Elliott Wave theory, a staple in technical analysis, posits that markets move in repetitive wave patterns driven by investor psychology. In this setup on the 4-hour BNB/USD chart, the token appears to be in the midst of a corrective wave 4 following an impulsive advance. Labeled waves 1 through 5 trace the recent uptrend, with corrective ABC waves carving out the downturn. Fibonacci retracement levels—plotted from the swing low to high—reveal critical confluence zones. The 61.8% Fib at approximately $1,016 acts as the primary resistance, backed by prior highs and horizontal lines from wave peaks.
Fundamentals Strengthen Binance Coin’s Long-Term Outlook
So far, BNB has bounced off supports near the 38.2% Fib ($934) and 50% level ($989), but failed to sustain momentum above $1,000. Volume has tapered during these tests, underscoring indecision. The preferred scenario aligns with classic Elliott principles: a final dip targeting the 123.6% Fib extension around $822 or lower, completing wave 4’s C leg. This would set the stage for wave 5’s rally, potentially eyeing $1,200+ if broader sentiment improves. Binance’s ongoing ecosystem expansions, including BNB Chain’s DeFi integrations and token burns, provide fundamental tailwinds that could amplify this upside.
Trader Roadmap: Critical Levels, Risks, and Reversal Signals
However, invalidation looms. A decisive close above $1,016—ideally on elevated volume—would suggest wave 4 ended prematurely at the 50% retracement, accelerating into wave 5 sooner. Traders should watch for bearish divergences on RSI or MACD to confirm the dip, while bulls eye dips for long entries with stops below $822.In a market where Bitcoin’s dominance wanes, BNB’s utility in trading fees, staking, and NFTs positions it for outperformance. As always, risk management is key—crypto’s volatility demands caution.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
