Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?
- Binance Coin price is consolidating near $872 with steady weekly gains.
- Breakout above the ascending channel sets up targets at $1,000–$1,137.
- Rising trading volume and open interest confirm strong investor participation.
Binance Coin (BNB) is trading near $872, showing only minor changes in the last 24 hours but maintaining a slow, steady climb over the past week. Trading volume rose nearly 9% to $2.18 billion, reflecting renewed interest among investors. With a 0.77% weekly gain, BNB continues to build strength, keeping traders on alert for its next big move.
BNB Breakout Signals Possible Rally Toward $1,000
Analyst CryptoPulse highlighted that BNB has broken out of its ascending channel, a bullish continuation pattern. Price action is now consolidating above the breakout zone, which could pave the way for higher levels. As long as BNB holds this area, the coin could test targets around $1,000 to $1,137 in the coming weeks. A retest of $896 (the all-time high) would further confirm the bullish outlook.
RSI and MACD Indicators Show Bullish Momentum for BNB
Technical indicators are aligning with the bullish setup. The Relative Strength Index (RSI) stands at 57, a neutral zone that gives room for upward movement. Meanwhile, the MACD is positioned positively, with its line at 14.13 above the signal line at 12.23. Although the MACD histogram is slightly negative at -1.90, reflecting short-term selling, the overall structure favors buyers.
Binance Coin Trading Volume and Open Interest Strengthen Outlook
According to CoinGlass, BNB’s trading volume surged nearly 20% to $963.8 million, while open interest climbed 3.78% to $1.49 billion. The OI-weighted funding rate is at -0.0004%, showing cautious but steady demand. Rising volume and open interest suggest increasing participation, reinforcing the technical case for BNB’s potential breakout toward the $1,000 mark.
Binance Coin Price Forecast: Can BNB Reach $1,137 Next?
With price consolidating near $872, volume and participation increasing, and bullish signals on the charts, Binance Coin may be setting up for a push beyond $1,000. If momentum holds, targets between $1,000 and $1,137 remain realistic. Traders should watch the $896 resistance level closely as the key point to unlock BNB’s next rally.
The post Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks? first appeared on BlockNews.
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Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks?
- Binance Coin price is consolidating near $872 with steady weekly gains.
- Breakout above the ascending channel sets up targets at $1,000–$1,137.
- Rising trading volume and open interest confirm strong investor participation.
Binance Coin (BNB) is trading near $872, showing only minor changes in the last 24 hours but maintaining a slow, steady climb over the past week. Trading volume rose nearly 9% to $2.18 billion, reflecting renewed interest among investors. With a 0.77% weekly gain, BNB continues to build strength, keeping traders on alert for its next big move.
BNB Breakout Signals Possible Rally Toward $1,000
Analyst CryptoPulse highlighted that BNB has broken out of its ascending channel, a bullish continuation pattern. Price action is now consolidating above the breakout zone, which could pave the way for higher levels. As long as BNB holds this area, the coin could test targets around $1,000 to $1,137 in the coming weeks. A retest of $896 (the all-time high) would further confirm the bullish outlook.
RSI and MACD Indicators Show Bullish Momentum for BNB
Technical indicators are aligning with the bullish setup. The Relative Strength Index (RSI) stands at 57, a neutral zone that gives room for upward movement. Meanwhile, the MACD is positioned positively, with its line at 14.13 above the signal line at 12.23. Although the MACD histogram is slightly negative at -1.90, reflecting short-term selling, the overall structure favors buyers.
Binance Coin Trading Volume and Open Interest Strengthen Outlook
According to CoinGlass, BNB’s trading volume surged nearly 20% to $963.8 million, while open interest climbed 3.78% to $1.49 billion. The OI-weighted funding rate is at -0.0004%, showing cautious but steady demand. Rising volume and open interest suggest increasing participation, reinforcing the technical case for BNB’s potential breakout toward the $1,000 mark.
Binance Coin Price Forecast: Can BNB Reach $1,137 Next?
With price consolidating near $872, volume and participation increasing, and bullish signals on the charts, Binance Coin may be setting up for a push beyond $1,000. If momentum holds, targets between $1,000 and $1,137 remain realistic. Traders should watch the $896 resistance level closely as the key point to unlock BNB’s next rally.
The post Binance Coin Forecast: Can BNB Rally Beyond $1,000 in the Coming Weeks? first appeared on BlockNews.
Read More