Binance Coin Breakout Rally Ready to Push BNB Reach $1,200
Binance Coin (BNB) don climb up 8.9% for the past one week now e dey trade pass $800, just 6% below im all-time high. Technical indicators dey show like how Bitcoin previous bull cycle be, with long time consolidation then sharp breakouts. After e hold between $200–$350 during 2022–2023, BNB jummped pass $450 come break $700 for early 2024. Now e dey face resistance for $800, if e fit break am well e fit push Binance Coin go $950, shine pullback to around $777, then rush go $1,200 target - wetin fit gain like 50%. Major resistance levels dey for $912 and $1,044, support levels dey for $649.40 and $517.90. With market cap of $112.36 billion and positive momentum for daily, weekly and monthly charts, traders suppose dey look out for big macroeconomic changes, Binance regulations and the time for bigger altseason. Risk management strategy still dey very important as Binance Coin trading still dey volatile.
Bullish
Di recent price surge and technical breakout patterns dey show say Binance Coin get strong bullish momentum. For short term, if e fit cross di $800 resistance, e fit quick rise go $950 and maybe $1,200, supported by strong market cap and historic parallels wit Bitcoin bull cycle. Key support levels for $649 and $517 dey provide safety net against deep pullbacks. Long term, steady momentum from daily to monthly charts dey suggest say di uptrend go continue, with potential to reach or pass previous targets if macroeconomic and regulatory conditions remain good. But traders suppose make sure say dem get risk management to handle volatility and protect against sudden corrections.