Binance Coin Navigates Critical Technical Juncture: Analysts Monitor $750 Support Amid Rising Channel Pattern
As of December 28, 2025, Binance Coin (BNB) finds itself at a pivotal technical crossroads, with market analysts closely monitoring its price action within a defined rising channel on the daily chart. The current trajectory suggests a controlled bullish retracement rather than a strong, impulsive uptrend, characterized by a pattern of consecutively higher lows and higher highs. This technical structure indicates sustained buying interest at key support levels but also highlights the absence of overwhelming bullish momentum. A significant supply zone is identified between the $930 and $960 price range. This area is historically viewed as a region where selling pressure has previously intensified, making it a critical resistance hurdle for any continued upward movement. Market participants are bracing for potential volatility, with technical scenarios including the possibility of a 'fakeout' or false breakout above this resistance before a potential rejection. Conversely, analysts have pinpointed the $750 level as a crucial support and near-term target. This level represents a key test for the ongoing bullish retracement structure within the channel. A sustained hold above $750 would reinforce the channel's integrity and the narrative of a healthy correction within a broader context. However, a decisive break below this support could signal a shift in market structure and invalidate the current bullish retracement pattern. The price action of BNB against USDT is therefore under intense scrutiny. The interplay between the rising channel's boundaries, the formidable $930-$960 supply zone, and the vital $750 support level will likely determine BNB's short-to-medium-term directional bias. Traders and investors are advised to watch for confirmation signals—either a successful breakout with volume above resistance or a rejection and hold of the $750 support—before committing to significant positions. The coming sessions are poised to provide clarity on whether BNB can muster the strength to challenge overhead supply or if it will succumb to pressure and retest deeper support levels.
BNB Faces Critical Test: Analysts Eye $750 Target Amid Rising Channel
BNB/USDT is navigating a clearly defined rising channel on the daily chart, signaling a controlled bullish retracement rather than a robust uptrend. The token's recent price action, marked by higher lows and highs, underscores this technical narrative. A critical supply zone looms at $930-$960, a level where sellers may re-emerge. Market participants anticipate potential volatility—a fake breakout above resistance could precede a reversion to the mean.
Failure to hold above this zone may trigger a descent toward $848, with $788 as a secondary target. These levels align with historical demand regions, offering potential support. Meanwhile, the weekly chart reveals a broader uptrend undergoing correction, with BNB retreating from its $1,226 peak toward the 20-week SMA NEAR $968. Momentum indicators reflect this pause: the RSI at 46 suggests waning bullish energy, though the token remains above key Bollinger Band support at $710.
Zcash Whale Activity Sparks Bullish Sentiment Amid Key Technical Breakout
A newly created wallet withdrew 50,000 ZEC ($22.17 million) from Binance, according to Arkham Intelligence. Such large-scale movements often signal accumulation strategies, particularly when funds MOVE to virgin addresses—a pattern associated with reduced sell pressure and institutional interest.
ZEC's technical setup compounds the optimism. The privacy coin consolidates near a critical resistance level at $470, with chart analysts noting tightening volatility—a classic precursor to explosive price movements. A decisive close above this threshold could validate bullish projections of a 35% upswing.
