BNB Price Range-Bound for Weeks: Will Divergence Change That?

Binance Coin ($BNB) has been stuck in a tight range for weeks, barely moving more than 1% over the past month. But beneath this calm surface, a series of subtle but meaningful signals are emerging. From increasing user participation to signs of whale activity, on-chain data hints that this sideways structure might be nearing a turning point for the $BNB price, if the right triggers align. Active Address Count is Back on the Rise $BNB’s active address count has been climbing steadily since early May. After slumping through much of March and April, participation began recovering, with a major higher high marked on June 20, reaching over 1.75 million daily addresses. This isn’t just a sign. A rising count of active addresses suggests broader user interest, often the base for more sustainable price movements. It shows that the current consolidation isn’t entirely hollow; there’s growing organic engagement in the background. Top 1% Wallet Spike Hints at Quiet Accumulation Glassnode data also shows something we haven’t seen all year: a double spike in the percentage of supply held by $BNB’s top 1% of addresses. These two surges, on June 21 and June 28, mark the only significant upticks in 2025. These top 1% holders, typically whales or institutional addresses, had been flatlining for months. The sudden moves could point to silent OTC buys or redistributions. These wallets usually don’t chase rallies — they build positions when the price is quiet. That aligns with $BNB’s current low-volatility price structure. The “top 1%” metric tracks the total $BNB supply held by the largest addresses. A spike here signals accumulation by the biggest holders, which can precede a move, if it’s sustained. Ascending Triangle Pattern and RSI Divergence in Motion On the daily chart, $BNB continues to respect an ascending triangle pattern, with strong horizontal resistance at $665–$693. This pattern typically signals an upcoming breakout, but it’s only valid if the structure holds. So far, $BNB is trading near $661, staying just under the immediate yet strong resistance level of $665. If $BNB price manages to break this level, it would also mean a pattern breakout.  However, as the ascending triangle pattern has a broad upper trendline, made possible by multiple horizontal support and resistance lines, the $BNB price would require more firepower than just a single resistance breach. Here’s where it gets interesting. From April 7 to June 22, the $BNB price made higher lows, while RSI made lower lows; a classic bullish divergence. This divergence hints at weakening bearish momentum even as the price holds steady . RSI has since turned back upward, validating the triangle and adding strength to the breakout case. If the current sentiment holds and participation stays high, $BNB could eye a move toward $686, $696, or even the longer-term ceiling at $733. All this bullish structure hinges on one level: $635. A breakdown below this would invalidate both the triangle and the RSI divergence, and would likely come with a drop in active addresses or a reversal in whale holdings. That’s your red flag zone.