BNB Nears $1,000 as Price Surges to New All-Time High Binance Coin (BNB) has demonstrated impressive bullish momentum, breaking past the $900 mark and setting a new all-time high. The cryptocurrency is currently consolidating its gains, showing strong signs that it could soon challenge the psychological $1,000 barrier, outperforming major counterparts like Ethereum and Bitcoin in its recent ascent.
Unrelenting Gains Propel BNB Higher
BNB initiated a significant rally, establishing a robust base above the $850 level before embarking on a fresh upward trajectory. This surge saw the digital asset decisively clear key resistance zones at $870 and $885, eventually smashing through the $895 resistance to establish a new all-time high at $908. The price is actively trading above both the $900 level and the 100-hourly simple moving average, underpinned by a crucial bullish trend line offering support near $898 on the hourly chart. For the uptrend to continue, maintaining support above $885 is paramount.
Path to $1K: Key Resistance and Support Levels
Looking ahead, BNB faces immediate resistance around the $908 level, with the next significant hurdle positioned at $912. A clear breach above this $912 zone could pave the way for a test of $920, and subsequently $945. Should the bullish momentum persist, a move towards the coveted $1,000 mark appears increasingly plausible in the near term. Conversely, a failure to overcome the $908 resistance could trigger a short-term pullback. Initial downside support rests at $898, followed by a more substantial support zone around $893 and $888. A break below $888 might lead to further declines towards $872 and potentially $865. Technical indicators, including the Hourly MACD showing bullish momentum and the Hourly RSI positioned above 50, reinforce the current positive outlook.
