#BNB# CryptoNews | May 15, 2025 at 01:35 | BNB price aims to retest $400 before pushing towards the upper channel of $800

Currently, BNB is in the mid-range of the long-term channel, with potential downside to $400 before continuing bullish momentum. Technical confluence at key levels strengthens the case for a healthy correction.
Binance Coin (BNB) has been riding a bullish market structure since early 2024, but recent price action indicates that a deeper retrace may occur before significant breakout. The asset is currently trading within a high timeframe trading channel that started in February 2024. With several key technical indicators aligning around the $400 level, a retest of this zone seems likely before continuation to higher targets, including the $800 region.
Key technical points
-Support Channel Low at $400: Acting as the base of the long-term range
-MA 200-Week & Fibonacci Confluence 0.618: Adding technical weight to the level $400
-Liquidity Sweep Scenario: Potential short-term decline before long-term continuation
BNB has adhered to its high timeframe trading channel with precision, reacting to the lower and upper bounds over the past few months. The current price is near the middle range of the channel, a zone that is typically associated with uncertainty or hesitation. From a technical standpoint, there is significant layered support around the $400 level, which serves as the lower channel.
This $400 zone is further strengthened by three convergence points: the 200-week moving average, the 0.618 Fibonacci retracement level from the most recent swing low to high, and visible liquidity pockets that remain untouched. These indicators collectively form a magnet for price action. If the price sweeps up the remaining liquidity below the current level and enters this zone, a healthy retest of the low channel will occur, setting up for a more sustained upward trend.
Structurally, a drop towards $400 will not cancel the bullish trend—instead, it could strengthen it. A higher low confirmed around this support level will reinforce the market structure and offer a stepping stone towards the upper limit of the trading channel, which is around $800. This would essentially double the value of BNB from the $400 retest area, providing an attractive risk-reward scenario for traders and long-term investors.
What to expect in the upcoming price action
BNB remains bullish over a high timeframe, but a temporary retrace towards $400 is technically justified and will act as a strong accumulation zone. If support holds, the path towards $800 becomes a likely outcome, completing the next phase in the long-term BNB channel structure.