Binance Coin Price Forms Bullish Structure Near $760, What’s Next?

Binance Coin (BNB) is undergoing a critical retest phase after retreating from the $860 resistance level, drawing renewed interest from analysts and traders.

The asset is currently hovering near $763.19, with technical analysts highlighting a key support zone between $710 and $760 as a possible accumulation area.

Market participants are closely watching Binance Coin price action amid broader volatility across the crypto sector. Analysts suggest that BNB recent correction could be a healthy pullback within a larger bullish structure.

With $1 billion in daily volume and a history of strong rebounds from this price region, the current phase may offer a strategic entry point. The BNB price forecast remains focused on a potential continuation rally toward the $1,000 mark.

Binance Coin Price Forms Bullish Structure While Trading Near $760

Binance Coin (BNB) has entered a technical retest zone following its recent price rejection near the $860 mark. The asset is now trading around the $760 level, a historically relevant area that previously acted as resistance. This development places BNB in a key decision zone as market participants assess the strength of this level as support.

Analyst Crypto Tigers observed that the BNB price is revisiting a long-standing range between $710 and $760. This shaded area has served as a major pivot in past market movements, providing both rejection and support zones during multiple cycles. The current Binance price structure suggests that traders are watching closely for confirmation of support within this band.

Source:X

BNB Price Reacts to Retest of Historical Zone

The current price action shows BNB attempting to hold above the lower end of the $760 zone after a weekly rejection. According to the TradingView chart, the pullback follows an earlier rally that broke through the zone for the first time in several months. Hence, the sharp decline of over 9% from $861 to $766 raises the potential for a retest before any continuation upward.

Crypto Tigers suggests that this setup may present a strategic accumulation zone if support is confirmed. The market has responded similarly in past cycles where this band became a springboard for upward movement. Traders are now observing the $755–$745 range, which could offer price stability if current levels falter.

Breakout Pattern Identified by Analyst

According to analyst CryptoGoos, Binance Coin recently exited a long-term downtrend, initiating a breakout sequence. The rally extended over 43% from its breakout point, with the Binance price reaching as high as $861. The move was supported by a key demand area around the $600–$620 range, which has remained intact throughout the recent correction.

Source :X

CryptoGoos notes that the ongoing retracement is occurring within a newly formed demand zone between $760 and $770. This zone aligns with historical consolidation levels and could provide a base for a renewed upward trend. Should momentum return, the analyst forecasts a potential rally targeting the $1,000 area, marking a 32% gain from the current range.

BNB Trades Near $763 as Pullback Develops

At the time of writing, Binance Coin is priced at $763.19 after a 2.84% decline over the past 24 hours. The session opened near $770 but encountered consistent downward pressure, pushing the price into a volatile decline. Intraday movements featured several attempts at recovery, including a brief rally toward $773 that failed to gain traction.

Source: BraveNewCoin

More so, trading volume for the day remained steady, reaching $1.89 billion. This level of activity suggested traders engaged despite the short-term pullback. A notable dip in price occurred midway through the session, likely due to automated sell orders or short-term profit-taking. If current levels fail to hold, the $745–$755 support zone may come into focus for buyers seeking to re-enter the market at lower levels.