BNB’s Rally Faces Whale Resistance – Is a Reversal Coming?

• BNB rises despite whales shorting and declining retail buy pressure.
• Chain activity surge may have helped offset short-side pressure.
• Bulls must reclaim $667 or risk reversal below key $644 support.

Last week, Binance Coin — BNB , defied gravity—but gravity might not be done yet. Despite heavy shorting from whales and slowing momentum, BNB continued its climb. The move looked confident, but under the surface, tension built. Are bulls marching into a trap, or will they break through resistance again? With retail optimism rising and large players hedging, BNB’s next move could shake the market hard.

Whale Games vs. Retail Hope

At press time, the price of BNB had inched up by 1.59% in 24 hours. That might seem modest, but it came during intense whale activity. On Alphractal’s Whale vs. Retail Heatmap, a sea of red flooded the Binance row. Whales weren’t just lurking—they were actively shorting BNB through futures. Still, the price didn’t crash. In fact, BNB ticked upward. That resilience aligned with a dramatic spike in BNB Chain activity. Blockchain usage hit its highest level in three years. That sudden surge may have softened some of the downward pressure.

This wasn’t a lucky bounce. Whales could have hedged their spot holdings by shorting futures. That strategy would help them stay profitable in both directions. It’s like setting a trap: push retail to buy, while preparing to profit if things collapse. Despite the sneaky setup, BNB showed signs of strength. Recent data showed easing pressure on BNBUSDT . The latest heatmap revealed a shrinking green zone, smaller than last week’s heavy buying stretch.

Eyeing the $700 Barrier

BNB surged 18.9%, rising from $581 to $691.31 before cooling down. After a pause, the price attempted another leap but met resistance. A pullback followed, building solid support at $652—a lifeline for bulls. If bulls crack above $660, they could set sights on $667, then $684, and possibly $705. That sequence looks promising, but one misstep could flip the script. A drop below $644 might destroy the bullish pattern and trigger a fast sell-off.

Buyers need to defend key zones with precision. The breakout hinted at a continuation, but confidence alone won’t carry the charge. Momentum needs fuel. Buyers need to commit harder than before. The $667 level could become a launchpad if it flips into support. If not, another retest at $652 becomes likely. A deeper drop could come fast and harsh. Narrow entry zones helped traders calculate risk, but those windows won’t stay open long.

The early breakout made a strong case for bulls, but momentum now faces a test. The speed and direction of the next wave near resistance will decide who wins—bulls or bears. BNB’s recent rise looked bold, but whales aren’t bluffing. Their actions suggest caution, not confidence. Unless bulls reclaim key zones with volume and conviction, this rally could reverse.