BNB is facing a strong resistance zone between $350 and $400, which coincides with the Fibonacci retracement level of 0.618 of the March-May drop. BNB needs to flip this zone into support to confirm a bullish trend reversal and resume its uptrend.

On the other hand, BNB has a solid support level at $250, which aligns with the Fibonacci retracement level of 0.382 and the 50-week simple moving average (SMA). BNB needs to hold this level to avoid a further drop and maintain its bullish market structure.

The daily chart of BNB/USDT reveals some similarities with the chart of Ethereum (ETH) before its big move to all-time highs in November 2023. Both charts show a clear initial rejection on the run-up, followed by a retest/deviation of the previous range, which then ended up with a reclaim of a support level. BNB could be following the same pattern as ETH, which would imply more upside potential in the near future.

Based on the technical analysis and the price prediction tools, the forecast for BNB's price by the end of next week is between $345.41 and $520.35, depending on whether BNB can break above the resistance zone or not. If BNB manages to flip the resistance zone into support, it could target the next Fibonacci level at $514.31, or even the Fibonacci extension level of 1.382 at $520.35[^1^][1]. If BNB fails to break above the resistance zone, it could consolidate around the current support level at $316.37, or retest the lower support level at $250. The sentiment for BNB is bullish, with 87% of the technical indicators signaling bullish signals.

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