BNB ‘Blueprint’ Eyes 2018–2021 Bullish Reversal as SEC Seeks to Halt Binance Lawsuit

BNB (BNB) is showing signs of repeating its 2018–2021 breakout structure, suggesting a bullish reversal could be underway.

BNB Mirrors 2018–2021 Breakout Structure

A historical comparison of BNB’s 2018–2021 market cycle and its 2024–2025 setup shows striking similarities. Both cycles feature:

• A long-term trendline resistance that faced multiple rejections.
• A higher low accumulation pattern following each failed breakout attempt.
• A decisive breakout beyond the trendline, triggering an explosive price rally.

According to analyst Phyllis Sewell, BNB is “following the blueprint,” implying that the cryptocurrency’s technical structure mirrors its 2021 breakout phase. In the previous cycle, once BNB successfully cleared its long-term resistance, it embarked on an over 850% rally in just a few months.

With BNB reclaiming its trendline resistance, analysts speculate that a similar upward trajectory may be in play.

The development comes as the U.S. Securities and Exchange Commission (SEC) and Binance jointly filed a motion to pause their legal case for 60 days, signaling a potential de-escalation of regulatory pressure on the exchange.

🚨NEW: Here’s the first requested pause on #crypto litigation in the courts since @MarkUyedaUS took over as acting chair. @binance and the @SECGov have just filed a joint motion to stay the agency’s case against the exchange for 60 days, citing the new SEC crypto task force as… pic.twitter.com/D2zcolMNC5

— Eleanor Terrett (@EleanorTerrett) February 11, 2025

The SEC cited the establishment of a Crypto Task Force as a reason for the pause, suggesting the agency may be re-evaluating its enforcement strategy under acting chair Mark Uyeda.

Industry observers speculate that Ripple, Coinbase, and Kraken may follow Binance’s example and seek similar legal pauses.

Altcoin Market Cap Flashes Major Bullish Signal

Beyond BNB, a bullish technical indicator is forming in the total cryptocurrency market cap, excluding Bitcoin (TOTAL2).

According to analyst Dr. Julian Hosp, the 100-day moving average (100MA) is set to cross above the 200-day moving average (200MA), forming a Golden Cross on the 3-day chart.

This setup last appeared in 2020, preceding a major bull run in altcoins. Following the Golden Cross in 2020, TOTAL2 surged exponentially, indicating strong investor confidence in the altcoin sector.

The convergence of historical technical patterns and regulatory de-escalation suggests that the crypto market is entering a bullish phase. If Binance resolves its legal challenges, BNB could see increased institutional confidence, aligning with its 2021 breakout structure.

Moreover, if the SEC’s approach toward crypto regulation softens, altcoins could see an extended rally, mirroring the post-Golden Cross surge in 2020.

BNB Technical Analysis — $1,000 Price Target Set If…

BNB has failed twice to break out of its ascending triangle pattern since it began forming in March 2024. The latest rejection near the pattern’s upper trendline has resulted in a red weekly candle, increasing the likelihood of a short-term correction.

The pattern’s lower trendline, which aligns with the 0.618 Fibonacci retracement level near $600, is emerging as the next major downside target. If BNB undergoes another pullback, traders may look for support around this region before any potential rebound.

Despite the short-term bearish outlook, the ascending triangle remains bullish in the longer term. A decisive breakout above the $656–$725 resistance zone could shift momentum strongly in favor of buyers, potentially sending BNB toward the $1,000 psychological mark.

Technical indicators, such as the Relative Strength Index (RSI), suggest that BNB’s recent rejection came as price momentum weakened near overbought levels.

However, its recent bounce from previous support levels increases the potential for further recovery momentum, supporting the ascending triangle breakout scenario.