BNB — Ascending Channels, Shakeout Pattern & Bull Market OutlookIn 2018 BNB formed a clear ascending channel. After moving inside this structure for several years, the market experienced a sharp shakeout in March 2020, which became the final capitulation before a major trend reversal. By late 2020 the price broke out above the channel, confirming the beginning of a strong bull market.
Since 2021 a new ascending channel has been forming. I expect a corrective move toward the lower boundary of this channel in the $300–$350 area. A similar shakeout to what happened in March 2020 may occur again around 2026, potentially acting as a final reset before the next major uptrend.
After this pullback, the next bullish phase could begin, with long-term targets in the $4,000–$5,000 range.
Key points:
2018: formation of the first ascending channel.
March 2020: sharp shakeout → final reset before the bull run.
Late 2020: breakout above the channel → start of the bullish cycle.
2021–present: formation of a new ascending channel.
Expected: retrace to $300–$350 + possible 2026 shakeout.
Long-term target: $4K–$5K after the new bull run begins.
