BNB Technical Analysis: 4 MAY 2025
A descending triangle pattern appearing on BNB. Source: TradingView
General View
BNB has recently staged a steady recovery, however, that strength failed to sustain, and the price has now once again started showing signs of weakness. While buyers have managed to absorb several intraday dips, the price is now facing a crucial test: it sits near the lower boundary of a descending triangle pattern, just as the 50 EMA has been breached to the downside. This combination of structural pressure and weakening momentum suggests that BNB is at a decisive point.
On The Upside
To turn the short-term outlook bullish again, BNB must break through the immediate intra-day resistance at the $600 level to have some strength back. However, $618 is the pivotal resistance level that must be broken for bulls to get strongly bullish again. A clean move above this region could invalidate the triangle pattern and invite stronger momentum.
On The Downside
The base of the descending triangle, located between $594 to $596, is acting as immediate support. A confirmed breakdown below this level would significantly weaken the structure and could accelerate selling pressure. If this floor fails to hold, BNB may quickly revisit the $575 intra-day support, with further downside potential toward the broader support region around $570 to $560 levels.
BNB is starting to break below the EMA-50 support level. Source: TradingView
