BNB sees renewed interest as price breaks through resistance levels
BNB is drawing renewed attention after bouncing from the $800 region despite heavy market turbulence, weakening chain activity and recent macro-driven selling pressure.
Binance sees renewed attraction
In early December, Binance (BNB) has come under renewed pressure as the broader crypto market sold off sharply.
Prices slid towards critical support:
BNB briefly bounced off roughly $800.00, as markets reacted to rapidly rising Japanese long-dated yields and a rush of deleveraging across risk assets. This slump has erased a significant portion of BNB’s recent gains.
Alongside price weakness, activity metrics on the underlying network have weakened:
Daily transactions on the BNB Chain are reported to have dropped by around 57% from recent peaks, underscoring a thinning of on-chain usage and liquidity - a trend that has heightened concerns about the token’s near-term fundamentals.
Nevertheless, not all is bleak for BNB. Despite the downtrend, several price-forecasting models published within the last two weeks still see potential upside for the token, with a recovery toward $950.00–$1,000.00 by the end of December 2025 being flagged as plausible, assuming current support holds.
BNB’s position nonetheless remains fragile: structural headwinds, reduced chain activity, and macroeconomic turbulence recently weighed on the token, but pockets of resilience remain in the form of Fed rate cut expectations and ensuing risk on sentiment, short-term bullish technical momentum and potential medium-term recovery scenarios.
Whether BNB manages to recover significantly from current support or succumbs to further pressure will likely depend on broader market sentiment, macroeconomic developments, and whether its technical base holds firm.
BNB bullish scenario:
Now that BNB managed to rise and close on a daily chart basis above its late November high $906.50, the mid November high at $949.60 and perhaps also the 10 November high at $1,018.40 may be reached. The area between it and the September high and mid-October low at $1,020.50-to-$1,087.30 is likely to act as resistance, though.
Only a rise above the 30 October high at $1,129.80 would give a sustained bullish reversal more credibility.
BNB bearish scenario:
BNB has risen by over 13% from its $802.60 early December low but needs to overcome the $906.50-to-$949.60 resistance area to confirm a sustained bullish reversal.
While this isn't the case, the risk of a retest of the 200-day simple moving average (SMA) at $857.40 remains on the cards.
A fall through the $802.60-to-$791.80 recent lows would likely put the August low at $729.70 on the map.
Short-term outlook: bullish while above $802.60-to-$791.80.
Medium-term outlook: bullish while above $802.60-to-$791.80, targeting the $1,020.50-to-$1,087.30 region
BNB daily candlestick chart
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