BNB price is currently trading around $1,350, maintaining its upward momentum after a sharp rebound from the $1,050 low last week. The recovery from the 200-day Exponential Moving Average (EMA) has propelled the token to a new all-time high, breaking through a key level that determines whether the rally can extend further or stall under profit-taking pressure.
BNB Retests Symmetrical Triangle Resistance
On the 4-hour chart, BNB has broken out of a symmetrical triangle pattern, with strong buying momentum emerging around the $1,150 zone. The 20-day EMA ($1,231) and 50-day EMA ($1,207) now serve as immediate support levels, while the 100-day EMA near $1,154 continues to reinforce the medium-term bullish structure.
At present, the price is testing the $1,350 level, which coincides with the upper boundary of the triangle and previous consolidation highs. A clear breakout above this zone could open the door to $1,350–$1,380, while rejection from this area may lead to a pullback toward $1,231 or $1,207.
The Parabolic SAR indicator has flipped below the price, signaling a short-term bullish phase, while the RSI remains neutral, leaving room for further upside if momentum strengthens.
On-Chain Flows Indicate Renewed Buying Interest
Data from Coinglass shows that BNB recorded $96 million in net inflows yesterday, followed by a smaller $9.69 million outflow today. This shift suggests a transition from panic selling to accumulation, reflecting improving investor sentiment after a highly volatile week for the Binance ecosystem.
Analysts note that large inflows are often a sign of “smart money” — institutional capital — reentering the market after major sell-offs. If daily net inflows stay above $25 million, BNB’s recovery momentum could strengthen further. However, if inflows remain inconsistent, the price may continue to consolidate within the $1,200–$1,350 range.
Controversy Around Binance Adds Market Volatility
The crypto community grew restless after Hyperliquid Daily questioned Binance’s potential role in last week’s massive liquidation event, noting that several tokens — including BNB — “rebounded as if untouched.” The post hinted at possible price manipulation, pointing to the rapid recovery while the broader market was still reeling from losses.
Although Binance has not issued an official response, the controversy has created short-term uncertainty in market sentiment. Nevertheless, BNB has demonstrated remarkable resilience, surging over 16% in the past 24 hours and maintaining its position as the third-largest cryptocurrency in the world.