BNB’s Bull Run: Is $950 the New Black? 🚀💰

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So, Binance Coin (BNB) has been playing a game of “higher lows” for the past year, and it’s like, finally pressing against this long-standing resistance zone. 🤔 The technical indicators are all like, “Hey, we’re seeing some serious bullish momentum here!” If this breakout gets confirmed, we might just be looking at a BNB price tag of $950–$1,000. Can you even imagine?!

Weekly Triangle Formation Builds Breakout Potential

The weekly chart for BNB/USDT is a total work of art. It’s been forming this perfect ascending triangle for over 18 months, with the price respecting an upward-sloping trendline and testing horizontal resistance between $600 and $650. It’s like a dance, but with numbers. 🕺

Even though the price keeps getting rejected from this zone, it’s not messing with the overall bullish vibe. Each retracement has formed a higher low, which is just, you know, the dream, right?

The projected move based on the triangle’s height places the breakout target between $950 and $1,000. Classic pattern analysis, baby! The vertical height of the triangle is applied to the breakout point, and boom, there you have it. According to @best_analysts, this 1W chart setup is a goldmine for position traders looking to cash in on multi-month gains. As of now, price is testing the upper boundary again, and a weekly close above $650 would confirm the breakout phase. Fingers crossed! 🤞

Daily Price Action Holds Above Support with Rising Volume

BraveNewCoin’s 24-hour chart analysis is showing some serious intraday strength and steady price action. BNB traded between $686 and $696 during the session, closing at $694.61. The fact that it’s holding above short-term support at $686 while posting higher intraday lows is a good sign. It’s like BNB is saying, “I’m not going anywhere, and I’m only getting stronger.” 💪

Trading volume surged to $1.72 billion, which is a clear sign that more people are getting on board. The bulk of this volume came in the second half of the trading day as bulls stepped in to reclaim any dips. BNB’s market cap remains steady above $101 billion, with a circulating supply of 145.88 million. If price continues to hold above $692, the next major resistance zone is between $700 and $732. A breakout beyond this range would align with the larger bullish projection from the weekly pattern. 🚀

Bollinger and MACD Indicators Align with Breakout Scenario

The daily chart on TradingView is showing a bullish breakout above the upper Bollinger Band, with BNB trading near $694.69. The Bollinger Bands have widened, indicating rising volatility and a potential continuation of the upward trend. It’s like BNB is saying, “I’m ready to break free and soar!” 🦅

The breakout from the band’s upper boundary at $689.50 is supported by consecutive bullish candle formations, which is a strong sign of upward momentum. Momentum indicators are also on board. The MACD line is currently at 9.30, above the signal line at 4.79, while the histogram prints green at 4.52. All signs point to strengthening bullish momentum. 📈

If buyers maintain control and price closes above $700 with volume support, the next leg toward $732 and potentially $950 becomes more probable. But, if it fails to hold above $685, we might have to go back to the drawing board and re-evaluate the ascending trendline for support. Stay tuned, folks! 🎉

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2025-07-12 22:39