BNB’s price action is starting to flash warning signs for bulls, as the token struggles to hold higher levels and begins to tilt toward a bearish short-term outlook. After a recent push upward, the rally has lost steam near a key resistance area, raising the likelihood of a move lower toward the $800–$840 zone.
At the heart of this shift is BNB’s rejection from the so-called value area high (VAH) — a level that often acts as a ceiling in range-bound markets. When price fails to stay above this zone, it usually suggests that buyers are running out of strength at premium levels. That seems to be exactly what’s happening now.
Buyers Lose Grip at Higher Prices
Initially, BNB’s climb looked strong and impulsive, giving the impression that the market might continue higher. However, once price hit the VAH, selling pressure quickly emerged. This rejection disrupted the recent bullish structure and broke the pattern of higher highs and higher lows that traders like to see in an uptrend.
In simpler terms, the market tried to push BNB into more expensive territory — and failed. That failure often signals that sellers are becoming more confident, while buyers are stepping back.
From a Market Auction Theory point of view, this kind of move is important. Markets are constantly “auctioning” price to find levels where buyers and sellers agree. When price can’t hold in a premium zone like VAH, it typically rotates lower in search of fair value.
Why a Rotation Lower Makes Sense
According to Market Auction Theory, price often moves through a predictable cycle when it rejects from the upper end of a range:
- First, price gets rejected at the VAH (the premium area)
- Then it rotates toward the Point of Control (POC), where most trading activity has taken place
- Finally, it may continue toward the value area low (VAL), the discounted zone where buyers are more likely to step in
BNB now appears to be entering this rotation phase. Since it has failed to reclaim and hold above VAH on a closing basis, the odds increasingly favor a move lower rather than an immediate recovery.
$800–$840: A Key Zone to Watch
If the rotation continues, attention shifts to the $800–$840 region. This area stands out because several technical factors line up there. It includes the Point of Control, the value area low, and the 0.618 Fibonacci retracement — a level many traders watch for potential reversals.
When multiple support indicators converge like this, it often becomes a high-probability reaction zone. In practical terms, that means BNB could slow down, stabilize, or even bounce once it reaches this range.
However, how price behaves there will be crucial. A strong rebound would suggest that BNB is still trading within a broader range and simply moving from expensive to discounted levels. On the other hand, a clean break below that zone could signal deeper bearish momentum ahead.
What Comes Next for BNB?
For now, the technical picture is leaning cautious. BNB is under pressure after losing its bullish structure and failing to hold above a key resistance level. As long as price stays below the VAH, Market Auction Theory supports the idea of continued movement toward fair value and possibly into discounted territory.
All eyes are now on the $800–$840 range, which may serve as the next major test for BNB’s price. Whether it becomes a launchpad for a bounce or a stepping stone to further losses will likely define the next phase of the market.
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