BNB recently surged to a new all-time high but has since retreated, prompting technical observers to warn of a potential reversal. Momentum indicators are flashing red, and derivatives markets seem to be siding with the bears. While BNB’s rally was impressive, cracks may already be forming — suggesting traders proceed carefully in the near term.
BNB pushed up as high as $1,375 before trimming roughly 10% from that peak, signaling that the uptrend may be losing steam. On daily charts, the MACD (Moving Average Convergence Divergence) is on the brink of forming a bearish crossover — a key signal that momentum could shift to the downside.
In parallel, the funding rates in perpetual futures have turned negative, which implies that sentiment is tilting toward short positions and shows that many traders are doubting sustained upside.
A bearish crossover occurs when the MACD line dips below the signal line, indicating a weakening in bullish momentum and a possible shift toward downward price movement.
Technical weakness and growing downside risk
The negative funding environment means shorts are receiving payments from longs, which further encourages downward pressure. Meanwhile, the price is approaching critical support zones: weakness in buying pressure could see BNB breach support at $1,192 and potentially fall toward $1,048.
The waning bullish sentiment will continue to impact BNB’s price performance and push it further from its recent peak. If sell-side pressure strengthens, the altcoin risks breaching the support at $1,192 and falling toward $1,048.
If that happens, it could trigger further downside acceleration. On the flip side, for this outlook to be neutralized, new demand would need to emerge and push the price back toward its recent high or beyond.
In short, while BNB’s recent extension caught attention, the combination of weakening momentum, negative funding, and nearing support zones paints a cautious picture. Traders should be alert to reversal clues and manage risk carefully in case the correction deepens.
