{"id":26463,"date":"2026-04-21T10:23:05","date_gmt":"2026-04-21T10:23:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bnb-price-forms-a-double-bottom-pattern-sees-upside-to-800\/"},"modified":"2026-04-21T10:23:18","modified_gmt":"2026-04-21T10:23:18","slug":"bnb-price-forms-a-double-bottom-pattern-sees-upside-to-800","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bnb-price-forms-a-double-bottom-pattern-sees-upside-to-800\/","title":{"rendered":"BNB price forms a double bottom pattern, sees upside to $800"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BNB price rebounded from its recent drop to an intraday high of $636 on Tuesday amid a broader market recovery.<\/p>\n<div id=\"cn-block-summary-block_14f0094e0429227512317560a047ac9f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BNB price rose over 2% to $636 as dip buyers stepped in, tracking a broader crypto market recovery led by Bitcoin\u2019s move above $76K.<\/li>\n<li>A bullish double bottom pattern has formed on the daily chart, with a breakout above the $680 neckline potentially opening the path toward $800.<\/li>\n<li>Derivatives data remains stable, with open interest near $998 million and a sub-1 long-short ratio indicating cautious trader positioning.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, BNB (BNB) price rose over 2% on Tuesday to $636, bringing its market cap to over $85.5 billion.<\/p>\n<p>BNB price rose higher as investors bought the dip in its price on Monday. The token also rose in tandem with a broader market recovery triggered by Bitcoin (BTC) breaking above $76,000 today as investors bet on a potential peace deal between the U.S. and Iran, which could put an end to their months-long war.<\/p>\n<p>On the daily chart, BNB price has formed a bullish double bottom pattern over the past three months. The neckline of the double bottom lies at $680.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BNB price has formed a double bottom pattern on the daily chart \u2014 April 21 | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Typically, a break above the neckline of the pattern confirms it and often positions a token for a strong rally from the point of breakout to a target price equal to the height of the pattern formed. As such, BNB price is positioned for a rally to as high as $800 if it breaks out of the pattern.<\/p>\n<p>A look at other technical patterns also reinforces the bullish outlook. Notably, the Aroon Up indicator stands at 78.57% while the Aroon Down sits at 35.71%. Meanwhile, the MACD lines have pointed upwards and remain above the signal line, a sign that bullish momentum is gaining strength in the short term.<\/p>\n<p>For now, the most immediate resistance for BNB price lies at $680, the neckline of the double bottom pattern, while $650 serves as a key psychological support level for buyers.<\/p>\n<p>Despite recent price volatility, the derivatives market has remained steady. Open interest in BNB futures has risen just 7% to $998 million, indicating limited changes in institutional positioning. Meanwhile, the long-short ratio remains below 1, suggesting traders are still cautious despite the recent gains.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price rebounded from its recent drop to an intraday high of $636 on Tuesday amid a broader market recovery. Summary BNB price rose over 2% to $636 as dip&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26463"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26463\/revisions"}],"predecessor-version":[{"id":26464,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26463\/revisions\/26464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6056"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}