BNB price continues its explosive rally beyond the $1,000 mark, entering a new phase of price discovery after breaching a multi-year range. The bullish momentum shows no signs of exhaustion, with Fibonacci extension targets now pointing toward $1,570.
Summary
- BNB breaks above $700 and $1,000, confirming a powerful multi-year breakout.
- Sustained volume and higher-timeframe structure support ongoing bullish momentum.
- Next Fibonacci extension target lies around $1,570, marking the next milestone in price discovery.
Binance (BNB) price action has entered uncharted territory after decisively breaking above the $700 resistance, a key level that had capped price since its previous cycle high. The move marks the start of a strong price discovery phase, supported by expanding volume, bullish market sentiment, and sustained momentum across multiple timeframes.
The current rally is unfolding with technical precision, aligning with Fibonacci extension targets and psychological milestones that continue to reinforce bullish confidence in the market. BNB continues its upward climb amid booming network growth, adding further confirmation to the broader bullish sentiment reflected across major assets.
BNB price key technical points
- Major Breakout Confirmed: BNB has breached a multi-year resistance at $700, entering a clear price discovery phase.
- Fibonacci Alignment: The 0.618 Fibonacci extension at $1,000 has been successfully reclaimed with strong daily candle closes.
- Next Extension Target: The next high-timeframe Fibonacci extension sits near $1,570, which now acts as the immediate technical target for bulls.
The current structure of BNB’s price acti
Go to Source to See Full Article
Author: Aziz Zamani
