Since 2024, BNB has achieved an astonishing 181.79% increase, and the current price is only 10% away from its all-time high. However, recent market technical indicators such as the Average Directional Index (ADX) and the Ichimoku Cloud have sent signals that this strong rally may be losing momentum. Whether BNB can break through the resistance level and set a new high, or will enter a consolidation or even a correction phase has become the focus of market attention.

Technical indicator analysis: Signs of weakening momentum are beginning to emerge

ADX indicates decreasing trend strength

Currently, BNB’s ADX value is 19, which is a significant decrease from 30 two days ago. ADX is a tool that measures trend strength on a scale of 0 to 100, with values ​​above 25 typically indicating a strong trend, while below 20 indicating a weak or no trend.

The decline in BNB's ADX indicates that although the price is still in an upward trend, the force driving it up has weakened significantly. The current low ADX value suggests that BNB may enter a short-term consolidation phase, or the market buying pressure begins to weaken. To resume the previous strong upward momentum, ADX needs to rise above 25 to confirm a new momentum outbreak. Before that, BNB prices may fluctuate in a consolidation range and face greater upward resistance.

Ichimoku Cloud Sends Mixed Signals

The Ichimoku cloud chart shows that the current trend of BNB is still unclear. The price of BNB is slightly above the Kijun-Sen (base line) and Tenkan-Sen (conversion line), but very close to the edge of the cloud (Senkou Span A and B). This pattern shows that the current market lacks a clear direction. Although the green cloud ahead provides some medium-term support, its flat trend shows that the upward momentum may be limited.

If BNB price can break through the edge of the cloud and move away from Kijun-Sen, it will strengthen the bullish structure. However, if the price breaks below the cloud and moves below Kijun-Sen, it may signal the beginning of a bearish trend. On the other hand, if Tenkan-Sen can rise above Kijun-Sen, it will also inject more confidence into the market and promote a stronger upward trend.

Key support and resistance levels: market outlook analysis

From the perspective of support and resistance, the key support levels for BNB in ​​the short term are $603 and $593. If the price breaks below these levels during the consolidation phase, it may trigger a deeper correction and damage the current bullish structure.

On the upside, BNB needs to break out of the $667 and $687 resistance levels to move closer to the all-time high of $719.84. Once these key levels are crossed, the market is likely to see a fresh influx of buying, thereby pushing the price into new all-time highs.

Furthermore, BNB’s exponential moving average (EMA) shows a bullish pattern. The short-term EMA is above the long-term EMA, indicating that the current market sentiment is still biased towards the bulls. If the price can stay above the EMA, this technical pattern will continue to provide support for the bullish trend.

Market Outlook: Cautiously Optimistic

BNB's price trend still has some upward momentum, but the weakness of key technical indicators shows that the current rise may face challenges. Before ADX rises back above 25, it will be difficult for the upward trend to regain its previous strong momentum. At the same time, the performance of the Ichimoku cloud chart and EMA shows that BNB is currently at a critical moment in the market direction selection.

If the market can gain momentum and break through the all-time high of $719.84, BNB is expected to start a new upward cycle. However, if the price fails to maintain the key support level, it may enter a correction phase.

In general, investors need to pay close attention to the key support and resistance levels of BNB, as well as further changes in the ADX and Ichimoku cloud charts. These technical signals will become key reference indicators for judging whether BNB can break through its historical high or enter consolidation. In this context, maintaining a flexible trading strategy and paying attention to changes in market sentiment will be the best way to deal with the future trend of BNB.