BNB Price Bounces Back but Faces Critical Resistance

BNB's recent price action highlights the importance of liquidity-driven moves in crypto markets. The formation of a swing failure pattern at the lows effectively trapped late sellers, allowing buyers to step in aggressively. This type of structure typically signals exhaustion in bearish momentum.

The rally that followed was impulsive, suggesting short covering and fresh long positioning entering the market simultaneously. As price accelerated higher, BNB quickly rotated back toward a major technical confluence zone around $635.

This region represents the 0.618 Fibonacci retracement of the prior decline while also aligning with the value area high from the volume profile. Historically, such zones act as decision points where markets either reclaim bullish structure or face rejection due to overhead supply.