Technical analysis by weslad about Symbol BNB: Buy recommendation (5/21/2025)

BNBUSDT has broken out of a major bullish structure and has since transitioned into a well defined ascending wedge, suggesting the development of an extended Wave 3 within an impulsive Elliott sequence. Price is currently progressing toward the projected Wave 3 target around $935, a level that also coincides with a significant historical supply zone. Once reached, this area may trigger a sharp corrective pullback, likely forming Wave 4. Should this correction hold above key structural support, the final impulsive leg toward the $1,613 region is expected to complete the ongoing trading cycle for BNB.We invite you to share your perspective in the comments and revisit our earlier BNB analysis linked below for broader context on this setup.