Date: Thu, Aug 28, 2025 | 05:44 PM GMT
The cryptocurrency market is experiencing notable volatility as Ethereum (ETH) briefly dipped to $4,490 from its 24-hour high of $4,642, marking a 3% drop and adding slight pressure across major altcoins.
However, Binance Coin (BNB) has managed to stay in the green today. More importantly, its latest chart structure reveals a key harmonic pattern that could be signaling further upside potential in the near term.
Source: Coinmarketcap
Harmonic Pattern Hints at Potential Bounce
On the daily chart, $BNB is forming a Bearish ABCD harmonic pattern — a setup that, despite its name, typically delivers a bullish CD-leg rally before testing the Potential Reversal Zone (PRZ).
The structure began with a rally from Point A near $729.4 to Point B, followed by a pullback to Point C around $829.0, where strong buying pressure reemerged. Since then, BNB has advanced to around $875, confirming that the CD leg is underway.
Binance Coin (BNB) Daily Chart/Coinsprobe (Source: Tradingview)
If the pattern develops according to the classical ABCD projection, the CD leg could extend to the 2.37 Fibonacci projection of the BC leg, placing the PRZ at approximately $1,001 — around 14% higher than current levels.
What’s Next for BNB?
If bullish momentum holds, BNB could climb toward the $1,001 resistance zone. However, this level is expected to act as a major barrier, where short-term traders may look to book profits, potentially causing a pullback.
Before that target is reached, traders should also remain mindful of possible retracements toward edge support.
Overall, the harmonic structure suggests that BNB remains in a bullish phase, with higher levels still on the table if buyers maintain control.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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Binance Coin (BNB) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move
Date: Thu, Aug 28, 2025 | 05:44 PM GMT The cryptocurrency market is experiencing notable volatility as Ethereum (ETH) briefly dipped to $4,490 from its 24-hour high of $4,642, marking a 3% drop and adding slight pressure across major altcoins. However, Binance Coin (BNB) has managed to stay in the green today. More importantly, its latest chart structure reveals a key harmonic pattern that could be signaling further upside potential in the near term.
Source: Coinmarketcap Harmonic Pattern Hints at Potential Bounce On the daily chart, $BNB is forming a Bearish ABCD harmonic pattern — a setup that, despite its name, typically delivers a bullish CD-leg rally before testing the Potential Reversal Zone (PRZ). The structure began with a rally from Point A near $729.4 to Point B, followed by a pullback to Point C around $829.0, where strong buying pressure reemerged. Since then, BNB has advanced to around $875, confirming that the CD leg is underway.
Binance Coin (BNB) Daily Chart/Coinsprobe (Source: Tradingview) If the pattern develops according to the classical ABCD projection, the CD leg could extend to the 2.37 Fibonacci projection of the BC leg, placing the PRZ at approximately $1,001 — around 14% higher than current levels. What’s Next for BNB? If bullish momentum holds, BNB could climb toward the $1,001 resistance zone. However, this level is expected to act as a major barrier, where short-term traders may look to book profits, potentially causing a pullback. Before that target is reached, traders should also remain mindful of possible retracements toward edge support. Overall, the harmonic structure suggests that BNB remains in a bullish phase, with higher levels still on the table if buyers maintain control. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.