BNB has taken a pretty nasty hit from its highs, and the BNB price is now back in the part of the chart where long-term traders start paying attention again. Not long ago, BNB was trading up near $900. Now it’s pulled back hard, and the conversation has shifted from breakout hype to support levels and accumulation. That’s exactly what analyst Crypto Patel talked about in his latest post on X, arguing that the bigger multi-year structure hasn’t broken and that the price has rotated into zones where buyers tend to step in during major resets.
The most important area right now is the green band labeled Accumulation Zone 1, sitting just below $600. That zone has already been tested and filled, meaning the BNB price has officially entered the support region Patel flagged earlier. The BNB price is still hovering in the mid-$600s, but the chart makes it clear that the market is leaning toward the next major demand pocket underneath. Patel’s main focus now is Accumulation Zone 2 around $421, which lines up with the 0.5 Fibonacci support level and is often where strong assets find their footing during deeper cycle pullbacks.
If the BNB price keeps bleeding lower, Zone 2 is where bigger bids are expected to show up, a structural level tied to past consolidation and long-term demand. The chart also maps out the deeper downside scenario, highlighting the 0.786 Fibonacci near $305 as the worst-case level, a full deep retracement into heavy historical support. Patel calls that region a long-term accumulation floor where deep-cycle buyers tend to get aggressive if price collapses into it. On the upside, his chart points toward expansion levels of $3,000 first, then $5,000, with $10,000 as the extreme extension, though these are probability zones rather than promises and depend on a full market recovery, renewed demand, and a return of risk appetite.
Leave a Reply