- Binance Coin price is up more than 30% from its January 24 lows.
- Today’s selling pressure is likely profit-taking, and a retest of prior resistance turned support.
- Downside risks are limited, while the upside potential is significant.
Binance Coin price is facing some selling pressure today, possibly ending a five-day winning streak. Sellers stepped in when BNB was just shy of the $450 price level but have thus far been unable to push Binance Coin below the $400 level.
Binance Coin price is looking for a return to the $500 value area
Binance Coin price recently converted into a bull market on its $5.00/3-box reversal Point and Figure chart. The initial pullback after breaking the bear market trendline (red diagonal line) was very small, so it is possible that this current O-column could dip even lower. However, that will not affect this upcoming buying opportunity.
There is a theoretical long trade setup for Binance Coin price on its Point and Figure chart. The trade idea is to go long on the three-box reversal off of the current O-column; that theoretical buy entry would be at $435 at publishing. The stop loss is a four-box stop, and the profit target is $500.
BNB/USDT $5.00/3-box Reversal Point and Figure Chart
If Binance Coin price moves lower, the entry and the stop moves in tandem with the market – but the profit target at $500 remains the same. A two to three-box trailing stop would help protect any implied profit made after the entry is triggered.
The theoretical long trade for Binance Coin price is only invalidated if the BNB breaches the bull market trendline (blue diagonal line). However, downside pressure and risks should be limited to the $400 price level.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Dogecoin Price Prediction: Profit-taking in DOGE hits monthly high, raising the risk of a crash
Dogecoin (DOGE) hovers below its key weekly level of $0.18 at the time of writing on Monday, signaling a waning of bullish momentum. DOGE is flashing early warning signs, as on-chain data indicates rising selling pressure among holders, with profit-taking having surged to a monthly high and dormant wallet activity rising.

SPX6900 Price Forecast: Bullish continuation eyes new all-time high
SPX6900 (SPX) meme coin edges higher by almost 2% at press time on Monday, following a 4.71% brilliant recovery the previous day. The renewed confidence of whales in the meme coin is suspected to have catalyzed the recovery, resulting in increased optimism in SPX derivatives.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP stabilize near critical support levels
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels after a recent correction last week. BTC attempts to regain strength after closing below its critical support level, while ETH and XRP hover near technical thresholds that could determine the direction of their next moves.

Top Crypto Gainers Price Prediction: Jito, Bitcoin Cash, and Solana lead the market recovery
The broader cryptocurrency market ended the previous week with a minor recovery on Sunday. Holding gains from the prior day, Jito (JTO), Bitcoin Cash (BCH), and Solana (SOL) are the top performers over the last 24 hours. Despite a minor pullback on Monday, JTO, BCH, and SOL are close to breaking out critical levels, potentially extending gains this week.

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.