Weak Wave, But Strong Intent: BNB Bulls Poised To Challenge The $1,300 Zone

BNB appears to be regaining strength after a brief pause, with bulls showing signs of renewed ￰0￱ a weak Wave (5) formation, the broader uptrend remains intact, and momentum is quietly ￰1￱ the push continues, the next major test lies near the $1,300 zone — a level that could define BNB’s bullish ￰2￱ (5) Weakness Signals Possible Completion Of The Bounce Providing an update to a previous post on BNB, More Crypto Online highlighted that the recent bounce visible on the chart may now be nearing its completion ￰3￱ price action initially appeared promising, momentum has started to weaken, raising questions about the sustainability of the upward ￰4￱ Reading: BNB Reclaims $1,100 As Binance Founder Receives Presidential Pardon – New Rally Coming?

According to the analyst, Wave (5) in the current structure looks relatively weak, which could indicate that buying pressure is ￰5￱ development may point to the market preparing for a potential retracement or sideways movement before establishing a clearer ￰6￱ Crypto Online emphasized the importance of staying flexible at this point, as market structure remains ￰7￱ the recent bounce, there’s still no clear indication that the broader Wave 4 pullback has ￰8￱ confirmation appears, the possibility of another downward move within the corrective phase cannot be ruled ￰9￱ the short-term uncertainty, the analyst maintained a positive long-term outlook, stating that the overall uptrend remains intact on the higher timeframe, as long as key structural supports hold ￰10￱ Builds Strength — Bulls Target The $1,230–$1,300 Zone According to a recent update by crypto analyst BitGuru, BNB’s price action is showing early signs of renewed strength, with buyers gradually stepping back into the ￰11￱ recent upward movement suggests growing confidence among traders after a period of ￰12￱ Reading: BNB Price Retreats After Rally — More Downside Risks On The Horizon In his post, BitGuru outlined that if this breakout gains traction, BNB could climb toward the $1,230–$1,300 range in the next bullish ￰13￱ a move would signal a continuation of the broader uptrend and potentially attract more momentum-driven ￰14￱ further emphasized the importance of monitoring the current price action closely, noting that momentum is steadily ￰15￱ of the time of writing, BNB has recorded a 6% decline in the past 24 hours, currently trading around $1,027.

This drop reflects a cooling phase after recent bullish attempts, as traders assess short-term market ￰16￱ token’s market capitalization now stands at approximately $141.34 billion, positioning it among the top-performing assets despite the temporary pullback. Meanwhile, the 24-hour trading volume of $2.85 billion indicates active participation across ￰17￱ image from Adobe Stock, chart from ￰18￱