BNB’s past corrections have found footing around these EMA bands before resuming their broader uptrend. Therefore, these levels remain critical gauges of market sentiment.

What Could Change This View?

BNB’s broader trend remains bullish, still trading comfortably above its 20-, 50-, and 200-day EMAs, and volume trends suggesting healthy participation during rallies.

If bulls defend the 20-day EMA, BNB could quickly resume its upside toward $1,100 and beyond, especially if Bitcoin steadies after its recent correction.

BNB looks poised for a cooldown, with the $947–$882 range as the first downside cushion. A breach below could drag the token toward $747, but the path of least resistance remains upward as long as EMA support levels hold.

BNB’s On-Chain Signals Supportive of Dips

Onchain data paint a more nuanced picture for BNB.

Glassnode data shows that BNB whales holding over 100,000 tokens have been quietly adding to their balances recently, pushing total holdings to fresh highs.