BNB has slipped below the key $620 Fibonacci “golden pocket” level and is now trading around $609, placing long-term support near the 200-week moving average under pressure.
The $620 zone, representing the 0.618 retracement of the broader advance, had acted as a high-timeframe support cluster, but the recent break shifts focus to whether this is a temporary deviation or the start of deeper consolidation.
Price action near the 200-week moving average is closely watched as a macro trend signal, with sustained closes below it historically opening the door to extended sideways or downward movement.
While the immediate bullish structure has weakened, BNB has not yet confirmed a broader macro breakdown, leaving open the possibility of a liquidity sweep before a potential recovery.
A decisive weekly reclaim of $620 with expanding volume would strengthen the bullish case and restore upside momentum, and following the move BNB was down 2.44% at around $609.
If buyers regain control, the $932 high-timeframe resistance level remains the primary upside objective should the broader structure hold.
Conversely, continued weekly closes below $620 and a loss of the 200-week moving average would increase the likelihood of extended consolidation or further downside before any sustained recovery attempt.
At the time of reporting, BNB price was $616.71.