Binance Coin (BNB) surges toward record levels, showing strong bullish structure and renewed investor confidence amid rising on-chain activity.
Binance Coin (BNB) is making headlines once again as it trades near its all-time high (ATH) of $1,371, marking one of the strongest rallies among major cryptocurrencies in recent months. As of the latest data, BNB/USDT trades around $1,320, reflecting nearly a 98% gain from recent lows and signaling strong bullish momentum in the market.
Technical charts indicate a clear ascending trendline that has been guiding price action since July, supported by multiple retests. Analysts note that BNB’s structure remains “technically intact” despite a brief correction last week that was quickly absorbed by buyers.
“BNB’s ability to reclaim key support levels around $1,160 and $1,050 shows the market’s conviction in its long-term strength,” said BITX crypto market analyst. “If the price holds above these demand zones, a breakout beyond the ATH could trigger a new price discovery phase.”
Strong Support Zones Back the Rally
The chart highlights three significant demand zones that have supported BNB’s current uptrend:
- The first zone around $850–$910, which served as the initial accumulation base.
- The second zone near $1,050–$1,160, marking the most recent pullback before recovery.
- The upper consolidation zone around $1,220–$1,280, where bulls are now attempting to build momentum for a breakout.
Trading volume has also seen a notable rise, signaling active participation from institutional and retail investors. This accumulation behavior suggests that traders are positioning for a potential new all-time high in the short term.
If BNB closes decisively above $1,371, it would confirm a new all-time high breakout, possibly pushing prices toward the $1,500 psychological level. However, a rejection at the current resistance could lead to a retest of the $1,160 support area.
BITX Market observers underline that BNB’s sustained strength above the trendline will remain the key indicator of long-term bullish continuation.
“BNB is demonstrating classic signs of institutional accumulation and breakout momentum. The next few daily closes will determine whether this rally turns into a full-fledged price discovery phase,” According to BITX analysts.
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.