BNB at Reversal Incoming or Start of a Deep Correction?

BNB has pulled back sharply from its parabolic run above $1,300, and price is now sitting exactly on the bottom boundary of the rising channel that has guided the trend since late 2023.
This area is extremely important because:
• It is the channel support
• It aligns with a previous consolidation zone
• It’s very close to the 50-day SMA retest zone (which BNB often respects)
If this support holds, BNB could stage a recovery rally. But if it breaks down, the chart opens the door to a much deeper correction.

Bullish Scenario (If channel support holds)
Entry Zone: $780–$820
(BNB is currently inside this zone)
Target 1: $987
– This is the next major resistance and midpoint of the previous structure.
Target 2: $1,070–$1,100
– Retest of the recent breakdown area and 50-day SMA region.
Target 3 (extended): $1,250+
– Only if momentum continues and BTC supports the market.

Bearish Scenario (If price loses the channel)
A breakdown from the channel plus a daily close below $790 would confirm weakness.
Downside Targets:
• $700 — First Fibonacci + structural support
• $620 — Major support zone from 2024
• $500–$520 — Full channel breakdown target
Stop-Loss Suggestion
• Stop-loss (swing trade): $760
– A daily close below this level means the channel is broken.
• Tighter stop-loss (short-term): $780

Summary
BNB is sitting on a critical support level.
Hold → strong bounce potential.
Break → deep correction likely.