Well, if you ever thought Binance Coin (BNB) was just another player in the crypto circus, think again! It’s finally broken through that stubborn $723 barrier, like a horse bustin’ outta the starting gate at the Kentucky Derby. This little coin is now galloping towards greener pastures, with analysts whispering about it reaching the lofty heights of $1,200 to $2,600. Ain’t that a hoot?
As of this mornin’, BNB is sittin’ pretty above those critical levels, and the charts are lookin’ mighty bullish. If this momentum keeps up, we might just see BNB join the elite club of coins worth more than your average used car. Now, ain’t that somethin’? 😂
Multi-Year Chart Structures Signal Strong Macro Breakout
Our good friend @borsaray, who’s got a knack for sniffin’ out these things, has shared a monthly chart that’s as exciting as a fireworks show on the Fourth of July. BNB/USDT is breakin’ out of a consolidation range that’s been holdin’ it back since 2021. The current price of around $704.94 has finally busted through the lower end of a historical resistance band between $680 and $790. That’s like breaking free from the chains of a prison, except this prison was made of dollars and cents.
This area has been a real thorn in BNB’s side for the past three years. But lo and behold, the July 2025 candle is showin’ some serious upward momentum, with volume pickin’ up like a steam engine chuggin’ down the tracks. It’s a sure sign that the big boys are buyin’ in, and they’re not messin’ around.
@borsaray points out a potential continuation pattern formin’ as a bullish rectangle. If BNB can close the month above $790, it’ll be like breaking the sound barrier—officially a structural breakout that could kick off a multi-phase rally. Using Fibonacci analysis and historical rally data, the targets are set between $1,200 and $2,600. And if that ain’t enough, there’s even talk of BNB hitting $4,000. @borsaray calls BNB the “king of the square,” hintin’ that it might just outshine the other altcoins in the next growth phase. 🏆👑
Over at @signalunited, they’ve spotted a long-forming cup-and-handle pattern that’s been brewin’ since 2021. The neckline, right around that $723 resistance, has finally been breached. This pattern usually leads to some serious upside when it completes. The first target of $1,200 lines up with the 0.786 Fibonacci extension, and the second, at $2,600, hits the 1.382 level. With the handle part formin’ over the past two years, the breakout candle is a high-conviction move backed by solid structure and volume. If BNB keeps this up, it might just become the next big thing in the crypto world. 🌟
The Fibonacci support zones at $117, $67, and $33 are still relevant if the market decides to take a breather. But for now, it looks like BNB is on a roll.
24-Hour Chart Shows Short-Term Resistance Test
In the latest 24-hour session, BNB hit an intraday high near $755 before runnin’ into some resistance. By the end of the day, it retreated to $732.52, down 0.60%. The pullback happened on low volume, which often means buyers are just takin’ a quick nap after a big sprint.
The candle patterns show some short-term indecision, with buyers tryin’ to hold the line around $725 to $730. It’s like the market is takin’ a deep breath after an initial breakout. But don’t let that fool you—BNB is still in a strong position. With a trading volume of $2.85 billion and a market cap of $106.83 billion, BNB ranks fifth globally. The circulating supply stands at 145.88 million BNB.
If BNB can reclaim $740 with more buyin’ volume, it might just retest $755. But if it drops below $728, we could see some short-term corrections down to $715–$720. Still, the broader trend remains bullish thanks to those higher timeframe breakouts and completed patterns.
TradingView Bollinger Bands Confirm Strength at the Time of Writing
The daily chart on TradingView shows BNB trading at $733.70, up 0.52%, after breakin’ above the upper Bollinger Band level at $731.93. This breakout followed a few days of consolidation around the Bollinger Band of $680.77. The BBPower reading at 60.57 confirms strong buyin’ momentum as the price moves away from the mean. The current rally is supported by full-bodied bullish candles and minimal retracement, showin’ strong market participation.
Resistance is now at $765.56, while support has shifted to the $720–$730 region. The expandin’ Bollinger Band width suggests risin’ volatility, which is good news for the bulls. As long as the price stays above the midline of $680.77, the rally remains technically sound. With strong BBPower, expandin’ bands, and a bullish structure, Binance Coin might just be settin’ the stage for its next big move. So, buckle up, folks, it’s gonna be a wild ride! 🚀🎉
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2025-07-19 22:36