Date: Mon, Aug 04, 2025 | 09:24 AM GMT
The cryptocurrency market is showing signs of recovery after the recent sell-off, with Ethereum (ETH) rebounding to $3,550 from its recent low of $3,357. Alongside ETH, several major altcoins are beginning to move higher — including Binance Coin (BNB), which is currently flashing a potentially bullish setup.
BNB has posted modest gains today, and more importantly, its price action suggests something bigger may be brewing — a textbook breakout and retest pattern, hinting at a potential upside continuation.
Retesting the Ascending Triangle Breakout
Over the past several months, BNB had been coiling within an ascending triangle — a well-known bullish continuation pattern that typically resolves with an upward breakout. The resistance near the $750 level had capped price action multiple times, but in mid July, BNB finally broke through this barrier, reaching as high as $861.
As is often the case with breakout structures, a retest is followed with the recent dip. Price action pulled back to the breakout zone — around the previous resistance-turned-support area near $750.
So far, the retest appears constructive, as BNB is now trading just above this level at $759, holding its ground and showing resilience.
What’s Next for BNB?
The $750 zone is now the key level to watch. If BNB continues to hold above this newly established support and begins to bounce with convincing volume, it would strongly suggest that the breakout is valid and being respected by market participants.
A move above $861 — the recent swing high — would act as confirmation that bullish momentum is returning. Should that happen, the next logical target is the projected ascending triangle breakout objective, which lands near the $1,120 mark. This suggests a potential 48% upside from current price levels.
In short, BNB is at a critical juncture. A successful retest and bounce here could reaffirm bullish conviction and open the door to new multi-month highs in the coming weeks.
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