BNB Price Near the “Millionaire Zone” Again After a 60% Drop From Its ATH

BNB has taken a pretty nasty hit from its highs, and the BNB price is now back in the part of the chart where long-term traders start paying attention again. Not long ago, BNB was trading up near $900. Now it’s pulled back hard, and the conversation has shifted from breakout hype to support levels and accumulation.

That’s exactly what analyst Crypto Patel talked about in his latest post on X. His argument is that the bigger multi-year structure hasn’t broken, the BNB price has simply rotated back into the zones where buyers tend to step in during major resets.

What the Long-Term BNB Chart Is Really Showing

Patel’s chart zooms way out, back through the 2021 cycle, and it makes the structure pretty easy to understand. BNB had its explosive run, then spent years chopping sideways before this latest pullback dragged price back down into key support.

The most important area right now is the green band labeled “Accumulation Zone 1,” sitting just below $600. That zone has already been tested and filled, meaning the BNB price has officially entered the support region Patel flagged earlier.

The BNB price is still hovering in the mid-$600s, but the chart makes it clear that the market is leaning toward the next major demand pocket underneath.

Why This Levels Matter

Patel’s main focus now is Accumulation Zone 2 around $421. This isn’t some random number,  it lines up with the 0.5 Fibonacci support level, which is often where strong assets find their footing during deeper cycle pullbacks.

If the BNB price keeps bleeding lower, this is the area where bigger bids are expected to show up. It’s a structural level tied to past consolidation and long-term demand. That’s why Patel frames it as an accumulation zone, not a guaranteed target.

The chart also maps out the deeper downside scenario. Patel highlights the 0.786 Fibonacci support near $305 as the worst case level. If the BNB price ever trades down there, it would be a full deep retracement into heavy historical support,  basically the kind of move that only happens if the market completely panics.

Patel calls that region a long-term accumulation floor, where deep-cycle buyers tend to get aggressive if price collapses into it.

On the upside, Patel lays out the long-term expansion levels that could come into play if the cycle flips bullish again. His chart points toward $3,000 first, then $5,000, with the headline $10,000 level sitting as the extreme extension.

The key takeaway is that these aren’t promises, they’re probability zones tied to the broader market cycle. For the BNB price to even start moving toward those levels, crypto would need a full recovery, fresh demand, and a return of risk appetite.

Read Also: The Next Dollar Collapse Has Started—And Silver Could Be the Trade of the Decade

The BNB Price Is Entering the Uncomfortable Part of the Cycle

Crypto Patel’s message is pretty clear: BNB isn’t in breakout mode right now. The BNB price is in a deep pullback phase, moving through the kind of accumulation zones that often define the next cycle.

Zone 1 below $600 has already played out. Zone 2 near $421 is now the next major level to watch. And if things get extreme, $305 becomes the final structural support. This is usually where bull markets are built, not at the top, but down here, when price feels ugly and patience becomes the whole game.

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