Binance Coin (BNB) is currently experiencing a challenging phase in the short term, with technical indicators pointing to a rise in selling pressure in the weekly chart. However, analysts have pointed out a bull flag breakout in the long term, where Binance Coin is likely to trade at $5,000.
At the time of writing, BNB is trading at $624.29. Its 24-hour trading volume is $818.60 million, and its market capitalization is $84.87 billion, according to data from CoinMarketCap. Over the last 24 hours, Binance Coin has decreased by 0.72%.
BNB Charts Show Bullish Pattern
On February 22, 2026, crypto analyst Crypto Patel highlighted that a higher-timeframe bull flag breakout structure was forming on BNB’s price chart.
In his analysis, Crypto Patel explained that higher-timeframe bull flag breakout structures historically indicate a continuation of price action after a consolidation period, which may lead to higher price levels in the long run.
Significant corrections can present long-term positioning opportunities, he explained.
BNB Weekly Indicators Signal Weakness
BNB’s weekly indicators show that the asset is maintaining its downward trend, even with the optimism. The weekly RSI is at 34.28, which is below its signal line at 45.33, indicating weakening buying power.
BNB is also displaying price action weakness, as it is trading below all major moving averages, including the 20-week average at $899.81, the 50-week average at $801.46, and the 100-week average at $702.52, indicating a bearish trend. The 200-week average is $495.26.
Momentum indicators support the bearish view. The MACD line is at -45.01, significantly lower than the signal line at -3.79, while the histogram is at -48.81, indicating sustained downward momentum on the higher time frames.
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Sellers Control Binance Coin Amid Macro Optimism
Binance Coin remains an integral part of the Binance ecosystem and BNB Chain, and its technical setup remains of great interest for investors and long-term investors alike. Regulator and market liquidity-related factors are still impacting these exchange-related coins.
For now, sellers still maintain control. An established bounce above key weekly moving averages is required to further enhance the long-term bullish view presented by Crypto Patel. In the meantime, the disparity between the macro bullish view and current technical weakness underpins BNB’s price structure.
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