BNB Price Eyeing Retest Before Reaching $800 Channel High

Binance Coin (BNB) shows signs of a potential pullback before resuming its bullish trajectory. The asset is currently trading within a long-term trading channel that began in February 2024, with key technical indicators aligning at the $400 level. This suggests a possible retracement to this support zone before continuing towards higher prices. Binance Coin has been performing well since early 2024, but recent price action indicates a deeper correction is likely before a significant breakout.