Date: Thu, July 17, 2025 | 12:06 AM GMT
The cryptocurrency market remains strongly bullish, with Ethereum (ETH) maintaining its impressive upside momentum—posting a 9% daily gain and now trading above the $3,400 mark. This bullishness is spilling over into major altcoins, and Binance Coin (BNB) is now emerging as one of the standout tokens to watch.
BNB has climbed 7% over the past week, extending its 90-day rally to 21%. But beyond the steady gains, what’s grabbing the spotlight now is the clear emergence of a textbook harmonic ABCD pattern on the daily chart — a classic formation known for signaling trend continuations with precision.
Harmonic Pattern Hints at Bullish Continuation
A closer look at the daily chart reveals that BNB is forming a Bearish ABCD harmonic pattern — and while the name suggests a bearish reversal, the CD leg of this setup typically points to a bullish continuation until the pattern completes.
The pattern kicked off from point A at $534.30 back in April and rallied to point B near $709.40. After a corrective wave down to point C around $601.25 in late June, BNB began a new leg higher. Now, the token is trading near $718 as it progresses through the CD leg — the final stretch of the harmonic pattern.
Based on the harmonic projection, the 1.70 Fibonacci extension of the BC leg suggests a possible move toward $764.68. This level also mirrors the length of the AB leg and represents the Potential Reversal Zone (PRZ) where traders may expect the pattern to complete.
What’s Next for BNB?
If the pattern continues to unfold as expected, BNB could still gain an additional 6–7% from current levels before encountering significant resistance at the PRZ. This area near $764.68 may attract profit-taking activity, especially from short-term harmonic traders.
With the broader market leaning bullish and BNB charting one of the clearest harmonic patterns among top altcoins, it remains a strong candidate for further upside in the short term. Eyes are now on whether it can push toward the $760+ mark — and how it reacts once it gets there.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
