BNB price action has remained constructive following the breakout above the Point of Control, with the move developing into an impulsive rally toward the $718 resistance area. This level is currently acting as an important technical barrier, with lower-timeframe price action showing signs of rejection around the zone.
A sustained inability to reclaim $718 could increase the probability of a rotational move lower, with the Point of Control around $615 representing a potential area of interest. This region also aligns with the 0.618 Fibonacci retracement, creating additional technical confluence and potentially making it relevant if a deeper correction develops.
Conversely, a confirmed reclaim and sustained acceptance above $718 could shift the technical structure toward a continuation of the broader bullish move. In that scenario, the $800 area may become a potential resistance objective, although price would still need to establish sufficient momentum and acceptance above the current resistance before such a move can develop.
For now, $718 remains the key decision area. Rejection could favour further consolidation or a retracement toward the Point of Control, while acceptance above the level could support continuation. Monitoring volume, market structure, and closing price behaviour around $718 may provide greater clarity on the next directional move.
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