$BNB /USDT Is Pulling Back — But The Weekly Trend Is Being Tested, Not Broken
After expanding aggressively toward the $1,000+ region, $BNB has delivered a strong weekly rejection that signals distribution at premium levels. The move lower isn’t impulsive panic, it’s corrective rotation following exhaustion at highs.
The chart shows price drifting toward the $500 weekly demand zone, which previously served as accumulation before the last breakout phase. This level now becomes the technical battlefield. If this area holds and forms a higher low on the weekly timeframe, the broader bullish structure remains intact and recovery toward $750–$800 becomes realistic.
If that zone fails, however, the macro structure weakens and deeper liquidity around $420 could be targeted.
Right now, this is not a breakdown, it’s a decision point. The next weekly close carries weight.
Parabolic move topped, distribution finished, and price has now dumped straight into a major support zone around $580–$620 which is a level that mattered in previous cycles too.
This is truly a place where market actually decides direction.
holds this range and we saw slow reclaim toward $750–$850 makes sense first, with $900–$1,050 after one test.
If it fails, any downside is likely fast and wick-y most of the damage is already done.
$ETH is pressing into the lower end of this descending channel.
Price is nearing higher-timeframe support, and momentum is slowing with early divergence showing up.
For me, that hints selling pressure is easing, but structure hasn’t flipped yet.
As long as ETH stays inside the channel, downside tests are still in play. I want to see a strong reaction and confirmation from support before shifting my view.
$ETH is pressing into the lower end of this descending channel.
Price is nearing higher-timeframe support, and momentum is slowing with early divergence showing up.
For me, that hints selling pressure is easing, but structure hasn’t flipped yet.
As long as ETH stays inside the channel, downside tests are still in play. I want to see a strong reaction and confirmation from support before shifting my view.
Macro driven events can invalidate technical setups, so manage risk accordingly.
Plasma is a high-performance, EVM-compatible Layer 1 blockchain
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Plasma is a high-performance, EVM-compatible Layer 1 purpose-built for instant, low-cost, and compliant global stablecoin payments and transfers, and it is particularly optimized for USDT.
It has one of the highest TVL and bridged TVL on the market, and 300K-500K transactions a day on their network with a fee-based burn mechanism. Revenue remains low though.
More than 100 partners already and with impressive backers including Peter Thiel (well-known Paypal & Palantir Technologies co-founder), Founders Fund, Paolo Ardoino (CEO Tether), Bitfinex (Tether sister company), @Plasma
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