Automatic wave scan: as of 5 Nov 2026, the automatic daily count for BNB is Wave 5 down with a bearish bias. The count stays valid while price holds 762.20.
Current BNB wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 807.49 on 21 Sep 2026. Next levels to watch are 666.48 and 573.37. The count fails on a daily close above 762.20.
Key levels
| Type | Levels |
|---|---|
| Resistance | 762.20 · 705.86 |
| Support | 674.60 · 537.25 |
| Invalidation | 762.20 |
What is BNB?
BNB was launched in 2017 by the crypto exchange Binance. It started as a token for paying lower trading fees and later became the native coin of BNB Chain, a blockchain for apps and tokens.
The starting supply was 200 million BNB. Binance runs regular burns that remove coins from circulation, with a long-term goal of reducing the total to 100 million. BNB is used for network fees, trading fee discounts and token sales on Binance.
What moves the BNB price?
- Binance activity: Exchange volume and new token launches on Binance add demand for BNB.
- Quarterly burns: Each burn reduces supply. The size of the burn is published and watched by traders.
- Regulatory news: Legal actions against Binance in the US and other countries have caused sharp drops in the past.
- BNB Chain usage: Activity in apps, games and meme tokens on BNB Chain raises fee demand.
- Crypto market trend: BNB still follows the broader market direction set by Bitcoin.
How BNB moves in Elliott Wave terms
BNB often trends more smoothly than other large coins and has shown lower volatility than Solana or Dogecoin in many periods. Its corrections tend to be flats and triangles rather than very deep zigzags.
Exchange news can create sudden gaps on lower timeframes. The daily chart gives cleaner wave structure.
Tips for counting BNB waves
Use the daily and weekly charts. Keep an eye on Binance news, because one headline can invalidate a short-term count.
BNB key facts
BNB Elliott Wave FAQ
What is BNB used for?
BNB pays network fees on BNB Chain, gives trading fee discounts on Binance and is used to join token sales on the exchange.
What is the BNB burn?
Binance regularly destroys part of the BNB supply. The long-term goal is to cut the total supply from 200 million to 100 million coins.
Does Binance news affect BNB price?
Yes. Because BNB is tied to the exchange, legal or business news about Binance can move BNB more than other coins.
Sources and further reading
- BNB Chain documentation (BNB Chain)
- Binance (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
