BNB reclaims key support levels as buyers eye $1,100 resistance
Binance Coin (BNB) extended its bullish rally on October 1, breaking above the $1,020 level with strong upward momentum. The move comes as the token gained more than 19% in recent sessions, supported by increased trading activity and renewed investor confidence.
The chart shows that BNB has been climbing steadily since late September, with price action forming an ascending trendline that continues to support the uptrend. After testing the demand zone near $920–$940, buyers regained control and pushed the token higher through the $975–$990 support region.
At the time of writing, BNB trades near $1,024, approaching a critical resistance area around $1,080–$1,095. A confirmed breakout above this zone could accelerate momentum toward the $1,150–$1,200 levels, marking the next bullish target.
BITX Market analysts highlight that volume has also been increasing alongside price, reinforcing the strength of this current move. “BNB’s ability to reclaim the $1,000 mark is technically significant. The uptrend remains intact as long as the token stays above its $975 support,” .
Key support and resistance levels
- Immediate support: $975–$990 zone
- Major support: $920–$940 demand area
- Upside resistance: $1,080–$1,095, followed by $1,150
The overall structure suggests BNB remains in a bullish phase, with higher lows confirming strong demand at lower levels. If buyers manage to break above $1,095 resistance, the market could see an extended rally toward new highs in October.
On the downside, a failure to hold the $975 region could trigger a short-term correction back to $940, though the broader trend still favors the bulls.
With momentum building, BNB is now positioned as one of the strongest performers among major cryptocurrencies, drawing close attention from both traders and long-term holders.
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.