BNB rallies to reclaim four-figure territory with strong technical momentum
Binance Coin (BNB/USDT) surged by more than 7%, crossing the key $1,000 mark for the first time in weeks. The move comes as bullish momentum drives altcoins higher, with traders eyeing fresh upside targets while closely monitoring critical support zones.
On the daily chart, BNB has broken through the psychological barrier of $1,000, a level that has historically attracted heavy profit-taking. The asset is now trading near $1,008, supported by a rising trendline that has guided the rally since July.
BITX crypto market strategist noted, “The breakout above $1,000 signals renewed strength. If BNB can sustain this momentum, the next resistance lies near $1,120, while immediate support rests between $910 and $940.”
The chart also highlights multiple demand zones at lower levels, with strong buyer interest visible around $860 and a broader support base at $740–$700. These levels may act as cushions if the market faces short-term pullbacks.
Volume data shows that buyers are stepping in aggressively, with green candles supported by higher activity compared to earlier consolidation phases. Analysts believe the latest push underscores growing confidence in altcoins, particularly as BNB continues to outperform several peers.
According to BITX analysts, “BNB’s ability to reclaim $1,000 is not just a technical milestone but also a sentiment driver. The market sees this as a potential start of a broader uptrend, though volatility should not be ruled out.”
In the short term, holding above $1,000 is essential to keep bullish momentum intact. A sustained move could open the path to $1,120, and potentially extend towards $1,200 if buying pressure accelerates. Conversely, failure to hold current levels might trigger a retest of the $910–$940 demand area.
For now, the 7% surge places BNB back into a strong bullish structure, reinforcing its role as one of the most resilient large-cap cryptocurrencies.
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.