BNB has been under pressure for several weeks, dropping back to the strong $827 support zone — the same level that held in August and September. This move below $1000 mainly came from slower on-chain activity and reduced swap usage. Even with this weakness, some traders now see early signs of a short-term bounce.
On the one-day chart, the structure is still a clear downtrend, but the move above $906 added a bit of positive momentum. The next major resistance is $950, a zone that saw heavy battles in November and still has strong sellers present.
Trend tools show mixed signals:
One indicator still shows an active downtrend
Money-flow tools show no clear inflow or outflow This means no strong buyer pressure and no panic selling — a neutral environment.
Leverage data is also interesting: Many short positions are stacked between $910–$920, and the market often targets these levels. This creates the possibility of a short squeeze, where price jumps fast and forces shorts to close. Large positions also sit near $950, confirming it as a major resistance zone.
If a squeeze happens, BNB could push higher before the main downtrend resumes. But the real test is the $1000 psychological level. A daily close above this level could give buyers some control. And if $1019 (November high) breaks, a new uptrend may begin.
For now, the broader market still looks bearish. Volume is low, and the current bounce looks like a temporary pause rather than a full reversal. The $950–$1000 zone may continue offering short opportunities.
BNB can still recover if demand rises and network activity strengthens. Until then, the market stays under pressure, and buyers need a strong close above $1000 to shift the trend.