Binance Coin (BNB) is facing renewed downside pressure, after a failed breakout on its Bitcoin trading pair. According to the crypto analyst Umair Crypto, on the 4-hour chart against Bitcoin, BNB formed an ascending triangle, a pattern that often signals continuation.
Instead, the breakout attempt proved deceptive, trapping buyers before momentum sharply reversed lower and invalidated the bullish setup.
Price briefly pushed above resistance but printed bearish RSI divergence, signaling weakening strength behind the move. The token quickly fell back inside the triangle, losing the 50-period SMA and breaking trendline support.
With RSI closing below 50, momentum has clearly shifted, confirming sellers are regaining short-term control of the market structure.
Also Read: Binance Coin (BNB) Slides Below $610 as Bears Target Critical $600 Support Zone
BNB Technical Setup Suggests Move Above $615
This weakness is now translating into the USDT chart on the 8-hour timeframe for the BNB. The token has lost its Point of Control, and its downside volume is expanding, indicating distribution.
This is a weakening market structure with a series of lower highs. There are still chances for price to bounce, but its ability to sustain those bounces is in question.
Source: Umair Crypto X Post
A corrective retest towards the $610-$614 region cannot be dismissed, but unless there is a resumption in strength in the BTC pair, any attempts to go up may terminate fast.
In a bearish continuation scenario, the $530 region remains the primary support. For now, the direction is set by the BTC pair, followed by the USDT pair.
Momentum Indicators Support Bullish Reversal
According to TradingView, BNB on the 4-hour chart is seen at 632 after a bounce from the 585 support area. It has regained the 20 and 50 EMA levels, indicating positive short-term direction.
However, it is still below the 100 and 200 EMAs, with the latter two showing a bearish bias as they slope downwards.
Source: TradingView
The RSI is sitting around 66, which indicates strong bullish momentum but also indicates that it might be overbought. The buyers are in control of the current price action, which is also supported by higher lows and strong candles.
The price might continue to 640-650, but it might also be rejected around the 100 EMA and fall to 600-585 in the coming days.
Also Read: Binance Coin (BNB) Weakens Near $622 as Breakout Pattern Eyes $5,000