BNB has recently emerged as a standout performer among large-cap cryptocurrencies, surging past the $1,340 mark to establish a new all-time high just hours ago. At the time of reporting, the price of BNB remains up by 3.3% within the past 24 hours and has experienced an impressive increase of over 27% in the last week. However, the cryptocurrency has since cooled off, showing a decline of approximately 3.4% from this recent peak. Analysts suggest that this pullback could extend further, but it may serve as a crucial phase for BNB to consolidate strength for its next upward movement.
A closer examination of BNB’s current 12-hour chart reveals the formation of a bullish flag-and-pole fractal reminiscent of a previous breakout that resulted in a notable 28% surge earlier in the cycle. In that earlier scenario, BNB’s price rose sharply from $840 (designated as point A) to $1,080 (point B), followed by a correction of about 13.9% to $930 before rallying further to reach $1,270 and beyond.
In the latest setup, the trajectory appears similar, with the new “pole” extending from an early point (A1) to the recent peak (B1) of roughly $1,340. Analysts anticipate that the next phase — characterized by a “flag” — will involve a temporary cooldown before BNB makes its next breakout.
Supporting the expectation of a price correction is the presence of bearish RSI divergence. The Relative Strength Index (RSI), which gauges momentum, shows a concerning signal: while the price achieved a higher high, the RSI recorded a lower high. Such divergence typically indicates that buying momentum is waning, suggesting that a short-term pullback is highly probable. While divergences of this nature often signify a trend reversal on larger timeframes, they could also indicate a healthy price correction on the 12-hour chart.
Additionally, the Net Unrealized Profit/Loss (NUPL) metric for short-term holders has increased significantly, rising from 0.128 on September 25 to 0.345 as of October 7, marking the highest level recorded this year and reflecting a substantial 170% increase. A rising NUPL indicates that more traders are currently holding unrealized gains, frequently pointing to local tops in price action. For instance, a similar spike in NUPL observed on July 27, 2025, preceded a 13% price correction, reinforcing the likelihood that BNB could experience a similar drop of 13% to 14% as it completes the flag portion of its fractal pattern.
Traders and market watchers are keeping a close eye on critical price levels during this anticipated pullback. If the predicted pattern holds true, BNB may slide toward the range of $1,190 to $1,130, an area that aligns with key Fibonacci levels and the depth of the previous correction. This zone represents a significant reentry point for bullish traders, while also completing the bull flag formation identified in the fractal analysis. Should BNB exhibit a bounce from this support, targets of $1,550 (1.618 extension) and $1,820 (2.618 extension) loom on the horizon, based on projections derived from the same trend-based Fibonacci analysis employed in prior cycles.
Conversely, if BNB closes a 12-hour candle below $1,130, the bullish continuation thesis may weaken, leading to a potential for deeper declines. Nevertheless, data from the chart and on-chain metrics indicate that a short-term dip could be less of a threat and more of a necessary launchpad for BNB’s next significant price advance.
