Date: Thu, Aug 28, 2025 | 05:44 PM GMT
The cryptocurrency market is experiencing notable volatility as Ethereum (ETH) briefly dipped to $4,490 from its 24-hour high of $4,642, marking a 3% drop and adding slight pressure across major altcoins.
However, Binance Coin (BNB) has managed to stay in the green today. More importantly, its latest chart structure reveals a key harmonic pattern that could be signaling further upside potential in the near term.
Harmonic Pattern Hints at Potential Bounce
On the daily chart, BNB is forming a Bearish ABCD harmonic pattern — a setup that, despite its name, typically delivers a bullish CD-leg rally before testing the Potential Reversal Zone (PRZ).
The structure began with a rally from Point A near $729.4 to Point B, followed by a pullback to Point C around $829.0, where strong buying pressure reemerged. Since then, BNB has advanced to around $875, confirming that the CD leg is underway.
If the pattern develops according to the classical ABCD projection, the CD leg could extend to the 2.37 Fibonacci projection of the BC leg, placing the PRZ at approximately $1,001 — around 14% higher than current levels.
What’s Next for BNB?
If bullish momentum holds, BNB could climb toward the $1,001 resistance zone. However, this level is expected to act as a major barrier, where short-term traders may look to book profits, potentially causing a pullback.
Before that target is reached, traders should also remain mindful of possible retracements toward edge support.
Overall, the harmonic structure suggests that BNB remains in a bullish phase, with higher levels still on the table if buyers maintain control.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.