Binance Coin retreated to test a key support level this week, revisiting the July 2025 low near $730 as selling pressure persisted on the weekly chart. The pullback followed a broader correction after BNB failed to hold above the former all-time high area from 2021, marked near $690–$700. Price briefly traded above that zone earlier in the cycle but later slipped back, turning the level into active support rather than resistance. BNB Weekly Chart. Source: TradingView (OVcrypto on X) On the weekly timeframe, the chart shows BNB declining toward a rising long-term trendline that has guided price since early 2024. The recent dip brought price into that trendline confluence, highlighted by multiple touches around the $730 area. Those tests are marked by red circles on the chart, signaling repeated reactions at the same zone. Momentum indicators reflect the slowdown. The relative strength index rolled over from mid-range levels and now trends lower, suggesting fading upside momentum without yet reaching extreme oversold conditions. At the same time, price structure shows lower highs forming since the late-2025 peak. Despite the decline, BNB remains well above its 2023 lows and continues to trade within a broader ascending structure on higher timeframes. The $730 area now stands out as a near-term reference point, with traders watching whether the level holds or gives way to a deeper retracement along the rising support line. BNB Weekly Chart Flags Asymmetric Downside Risk Meanwhile, Binance Coin slid on the weekly chart as selling pressure pushed BNB back into a key support zone near the mid $700s, according to a TradingView chart shared by crypto trader Alejandro₿TC. BNB Weekly Price Structure. Source: TradingView (Alejandro_XBT on X) On the Binance BNB USDT weekly feed, the chart showed BNB near $752.56 after trading as high as $909.43 and as low as $746.00 for the week. The move left price back under a prior horizontal level around the low $800s, which the chart marks as a former support area that now caps rebounds. In his post, Alejandro said the setup leaves holders exposed to “very asymmetric downside.” He added that an “80% drawdown” is “not out of the question,” pointing to the gap between current prices and lower historical support zones highlighted on the chart. The graphic also mapped a larger downside projection toward the low $200s region, where earlier cycle lows and long term support lines sit. That scenario remains a conditional path on the chart, but the message framed risk as skewed lower while BNB holds below the broken level near the mid $700s to low $800s.
