BNB rejects value-area high; Market Auction Theory points to $800–$840 downside
BNB shows signs of short-term weakening after failing to hold above the value area high (VAH). The VAH rejection broke the recent bullish high‑low projection and shifted market structure toward a corrective phase. Applying Market Auction Theory, price is likely to rotate from premium toward fair value — first the Point of Control (POC) and then the value area low (VAL). Multiple technical factors (POC, VAL and the 0.618 Fibonacci retracement) converge around $800–$840, making that zone the primary downside target. Traders should watch whether BNB can reclaim and close above VAH to preserve bullish structure; a sustained move below VAL would signal deeper bearish continuation. Key points: VAH rejection confirms overhead supply; structure weakened after high‑low projection failed; auction rotation targets POC + VAL + 0.618 Fib near $800–$840. Primary keywords: BNB, value area high, Point of Control, value area low, Market Auction Theory, $800–$840.
Bearish
The article describes a clear technical rejection at the value area high and a breakdown of the bullish high‑low projection, which together indicate loss of buyer control at premium prices. Under Market Auction Theory this typically triggers a rotation back to fair value (POC) and then to the value area low (VAL). Convergence of three support indicators — POC, VAL and the 0.618 Fibonacci retracement — in the $800–$840 band increases the probability of a corrective move into that zone. Historical parallels: similar VAH rejections in range-bound altcoins and large-cap tokens often lead to a retracement to POC/VAL before consolidation or resumption of trend (for example, prior BNB and ETH range rejections that rotated to POC levels). Short-term impact: higher probability of pullback and increased selling pressure; traders should reduce long exposure or tighten stops and watch for volume-based signs of support at $800–$840. Long-term impact: if price finds strong support and rebounds from the $800–$840 zone, the move may simply be a range rebalancing; however, a decisive breakdown below VAL would signal structural bearishness and open room for deeper declines, prompting reassessment of medium-term positioning.