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The BNB price has reacted strongly at the 0.618 Fibonacci retracement, and a bullish engulfing candle suggests a relief bounce may be developing if support holds.
- BNB reacted strongly from the 0.618 Fibonacci retracement after a liquidity sweep.
- A bullish engulfing candle signals short-term buyer strength at support.
- Holding above this level opens the path toward the $950 resistance.
BNB (BNB) price is showing early signs of stabilization after a corrective phase that flushed recent lows. Following a decline that cleared out nearby liquidity, the price has now reacted decisively from a key 0.618 Fibonacci retracement, a level often associated with trend continuation or short-term reversals.
The response from this zone has been constructive, suggesting BNB is forming a higher low and setting up a relief bounce toward higher-time-frame resistance.
BNB price key technical points
- 0.618 Fibonacci support respected: Buyers stepped in after key lows were taken.
- Bullish engulfing candle printed: Signals short-term demand returning at support.
- $950 resistance in focus: A likely upside objective if momentum holds.
BNB price rebounds from 0.618 Fibonacci support, signaling relief bounce - 1">
BNB’s current rebound originated from the 0.618 Fibonacci “pocket,” a retracement level closely watched by market participants during corrections. After price briefly pushed below recent swing lows, effectively clearing resting liquidity, buyers responded with conviction. This behavior often suggests that selling pressure has been absorbed and that stronger hands are accumulating at discounted prices.
The immediate reaction was marked by a bullish engulfing candle, a classic price-action signal indicating that buyers overtook sellers in a single session. Such candles carry more weight when they appear at major technical levels, as is the case here.
Liquidity sweep followed by a reversal attempt
The structure of the move adds credibility to the bounce. BNB first took out key lows, triggering stop-losses and forced selling, before reversing higher. This sequence, liquidity sweep followed by a strong reclaim, is commonly seen near local bottoms or during corrective pullbacks within broader uptrends.
While this does not guarantee a sustained rally, it does improve the odds of a relief bounce, particularly if price can remain above the Fibonacci support zone in the sessions ahead.
Market structure hints at a higher low
From a market structure perspective, holding above the 0.618 Fibonacci increases the probability that BNB is forming a higher low rather than continuing lower. A higher low would be an important development, as it often precedes a rotation back toward prior resistance levels.
At present, the structure remains neutral to bullish in the short term. The key factor is follow-through. If buyers can defend the reclaimed level and push price higher, confidence in the higher-low scenario will grow.
Upside targets come into focus
Should the relief bounce continue, attention shifts to higher-time-frame resistance near $950. This level represents a logical upside target, as it aligns with prior supply and marks an area where sellers may re-emerge. A move toward $950 would be consistent with a corrective rally within the broader range.
It’s important to note that relief bounces often face resistance sooner than trend-defining rallies. As such, traders should watch for signs of acceptance or rejection as the price approaches resistance.
Volume and acceptance remain key
While price action has improved, volume confirmation will be crucial. A sustained increase in volume as prices rise would support the bullish case and suggest genuine demand. Conversely, weak volume on the bounce could indicate that the move is purely corrective and vulnerable to fading.
Acceptance above the Fibonacci level, through consecutive closes holding support, would further validate the bounce and reduce the risk of immediate continuation lower.
What to expect in the coming price action
BNB is at a technically important inflection point. As long as price holds above the 0.618 Fibonacci support, the probability favors a short-term relief bounce toward higher resistance, with $950 acting as a key upside reference. Failure to hold this support, however, would invalidate the higher-low setup and reopen downside risk.
In the immediate short term, price behavior and volume around the Fibonacci level will determine whether this bounce develops into a meaningful move or fades back into consolidation.
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