Binance Coin Extends Rally With Strong Technical Momentum
Binance Coin (BNB/USDT) surged to a new all-time high (ATH), trading just below the $1,000 mark, as bullish momentum continued to drive the asset higher. The latest breakout highlights BNB’s strong uptrend, supported by rising trading volumes and sustained buying pressure across the market.
On the daily chart, BNB has formed a steep ascending channel, with price action breaking above key resistance zones around $870–$920. The breakout has turned these areas into immediate support levels, strengthening the coin’s technical outlook. Analysts point to strong accumulation over the past two months as a catalyst for the rally.
“BNB is showing classic signs of momentum strength. As long as the price holds above $920, the path toward $1,050 and beyond remains open,” According to BITX market analysts. The coin has already cleared previous barriers near $750 and $830, zones now considered secondary supports in the event of a pullback.
Trading activity shows a steady rise, confirming growing interest in BNB’s upward move. “What makes this rally significant is not just the price milestone, but the strong base building that occurred before the breakout. Buyers have clearly stepped in at higher levels, signaling confidence in BNB’s long-term trajectory,” According to BITX experts.
The current momentum reflects broader optimism across large-cap altcoins, though some caution that parabolic moves may invite short-term corrections. If profit-taking emerges, immediate support rests around $870–$920, with deeper retracements possibly testing the $750 region. However, sustained strength above $1,000 could spark a run toward the $1,100–$1,200 levels.
BNB’s rally to a new all-time high reinforces its status as one of the strongest performers among major cryptocurrencies. With technical indicators supporting continued upside, traders are closely watching the psychological $1,000 mark, which could determine whether the momentum extends into a larger bullish cycle.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.