- Analysts observe BNB repeating historical bullish structures, with a Break of Structure signaling a possible rally from $700 support to $2,300.
- Technical indicators reflect consolidation, with the MACD and RSI showing early recovery signals following short-term market weakness near $974.
- Moomoo’s launch of BNB trading in the US and Singapore expands access, reinforcing long-term market strength and increasing investor participation.
BNB is drawing market attention as analysts spot a familiar bullish setup, growing institutional access, and steady technical strength that could position the token for another powerful breakout phase toward new highs.
Historical Structure Points to Possible Repetition
In a post on X, analyst Crypto Patel observed that BNB was entering a phase that mirrors earlier parabolic rallies. The analyst refers to a “Break of Structure” (BOS) pattern that historically preceded a 242% rise.
According to the analyst the new BOS around the $703–$977 range has now turned into a strong support zone.Long-term analysis from 2018 to 2029 presents recurring market cycles, where each begins with a breakout above resistance followed by consolidation.
Source Crypto Patel Via X
Every time such a structure emerged, BNB formed higher supports before advancing to new peaks. This repeating trend has prompted speculation that the next bullish phase could be around and could push prices past all time high.
Analysts view the current structure as one of accumulation around $700 critical support. Failure to stay above that level could signal the start of a deeper correction.However ,the prevailing trend continues to suggest long-term growth behavior.
Technical Indicators Reflect Mixed Short-Term Momentum
BNB/USDT 3-hour chart indicates that the token has faced downward pressure in recent sessions. BNB price has been constrained by resistance between $985–$990, which has led to turning $974 to a support.
The MACD at (12,26) shows a bearish crossover,as the histogram remains in negative territory, signaling continued weakness.However, the RSI (14) around 31.67 places the asset near oversold levels, suggesting the possibility of a rebound if buyers return.
BNB is mirroring the overall cryptocurrency market which recorded a 1.6% decrease over the past 24 hours with a capitalization currently standing at $3.62 trillion. A move above the short-term resistance level could restore positive broader technical setup and maintain a constructive tone, supported by consistent long-term structure.
Market Expansion and Growing Institutional Access
Moomoo, the overseas brand of Futu International, announced on November 11 that it now supports direct BNB purchases for users in the United States and Singapore. This addition of retail exposure will potentially broaden liquidity for the token.
BNB’s regular token burn continues to underpin its market stability combined with favorable technical structures and increasing accessibility. Analysts are seeing this phase as one of consolidation that may precede a renewed upward trajectory.
