BNB is at a critical technical juncture, with analysts closely watching its ability to break above key resistance levels. The token has shown renewed strength, reclaiming important technical markers and forming patterns that suggest a potential bullish move.
Recent price action has seen BNB move above its 7-day simple moving average near $899 and reclaim the 50% Fibonacci retracement level at $871. This recovery indicates an improvement in short-term structure and easing selling pressure. Momentum indicators support this shift, with the MACD histogram currently at +5.6, confirming bullish momentum and increased buyer participation.
The immediate focus is on the $907–$921 resistance zone, which has previously capped upside attempts. A decisive daily close above $921.55 (the recent swing high) would confirm a breakout and strengthen the bullish setup. If BNB clears this level, the next technical target lies near $949, corresponding with the 127.2% Fibonacci extension.
Several prominent traders have shared their technical perspectives on BNB's trajectory. Cheds Trading observes an ascending triangle forming on the daily timeframe, with BNB creating higher lows while testing resistance in the low $900s. This pattern suggests a potential break above $930 could lead to a move into the $960–$980 area.
Altcoin Sherpa maintains a disciplined approach, waiting for confirmation of a breakout above the $923–$930 resistance zone that has stopped rallies multiple times. If BNB breaks and holds above $930, Sherpa anticipates a continuation move toward $980, with the $1,000 level coming back into focus.
DrBullZeus identifies a broader reversal pattern—an Adam & Eve formation—with a neckline sitting in the mid-$940s. According to this analysis, if BNB can breach $930 and move beyond it, a major rally may follow with price targets potentially reaching $1,000 to $1,050.
The consensus among analysts is clear: BNB faces a decision point at current levels. A clean hold above $930 opens the path toward $960, $980, and potentially $1,000. However, another rejection at this resistance could see BNB drift back toward the $880–$890 support zone, continuing the range-bound trading that has characterized recent weeks.
