BNB Tests Key Resistance as Trader Optimism Grows, CZ Emphasizes Long-Term Building

BNB, the native token of the Binance exchange, is demonstrating renewed bullish momentum after a prolonged downturn, with traders on platforms like X expressing increased optimism about a potential price breakout. Analyst CryptoRand highlighted that BNB is currently testing a critical resistance zone, defined by a descending trendline and horizontal resistance around $1,090, which has repeatedly rejected price advances throughout the year.

The token recently rebounded from the $826–$840 support area, a level that has historically served as a reliable floor during market cycles. This bounce has provided a foundation for upward movement, with technical charts showing improved momentum, including a higher low formation and increasing trading volume. Another trader, Tim, noted that reclaiming the $1,090 level could flip market structure to bullish, opening the door for further gains.

Amid this technical setup, Binance founder Changpeng Zhao (CZ) issued a reality check, urging the community to focus on building rather than short-term price pumps. In a recent post, CZ emphasized that long-term value is driven by real usage and development, not fleeting price movements. While traders watch for a breakout above resistance, a failure could see BNB retreat to the mid-$800s, underscoring the volatile nature of the current market sentiment.