BNB price rallies as it approaches the $1,080 milestone
Binance Coin (BNB) is once again making headlines as the token surged above $1,060, placing it within striking distance of its previous all-time high (ATH) at $1,080. The strong upward momentum has positioned BNB as one of the most resilient large-cap cryptocurrencies in the current market cycle.
The daily chart shows BNB has been in a strong uptrend since June, supported by a steep ascending trendline. Multiple demand zones between $850 and $950 have acted as firm support, with bulls consistently stepping in to defend pullbacks.
Now, with price breaking into four-digit territory, the next critical test lies at $1,080 — a resistance level that marked the token’s previous high earlier this year. A decisive close above this point would likely open the path toward uncharted price discovery, with potential targets at $1,150 and $1,200.
According to BITX analysts, “BNB is showing impressive strength. If it breaks and holds above $1,080, we could be witnessing a new bullish chapter with significant upside potential.”
Trading volume has remained elevated throughout September and October, suggesting that institutional and retail buyers are actively participating in the rally. This strong demand adds weight to the bullish case.
One of BITX strategist commented, “The demand zones between $900 and $950 have proven to be critical. As long as BNB maintains support above $1,000, momentum favors a retest of the ATH and beyond.”
In the short term, all eyes remain on the $1,080 resistance. A successful breakout would confirm a fresh ATH and potentially attract further inflows. Conversely, a rejection at this level could trigger a short-term pullback toward the $950–$1,000 support range.
For now, BNB’s surge toward its previous high marks one of the strongest performances among top cryptocurrencies, reinforcing its role as a major force in the digital asset market.
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.