- BNB is holding above $600 and currently trading around $655, signaling strong bullish structure.
- Technical indicators and Fibonacci analysis point toward a potential price move to $960 in the coming months.
- Investor sentiment remains positive, with rising volume and steady support suggesting accumulation rather than selling.
BNB just broke through with a clean bullish move and is now holding strong above that big psychological level — $600. That’s not just some minor bump; it’s a serious statement. As of now, the price is floating around $655.77, backed by a 24-hour trading volume of $1.46 billion and a market cap closing in on $92.5 billion. Not too shabby.
Over the past week, BNB managed to tack on a modest 1.10%. It wasn’t flashy, but it didn’t need to be — this kind of quiet, steady climb usually hints at something brewing. And if you look at the charts, things are lining up.
A Calm Before the Surge?
Take a peek at the chart and you’ll spot it: BNB busted out of a consolidation and hasn’t looked back. There’s an ascending green trendline holding it up from a previous swing low, showing that the buyers are still in control. Then there’s this descending red trendline from above, and the price action has started dancing between them — classic squeeze.
The zigzagging pattern forming in that converging range? That’s the market catching its breath. It’s what analysts call “price digestion,” and usually, it’s what happens before the next leg up — if bulls keep their grip.
Fibonacci Levels Suggest $960 Is on the Horizon
Using Fibonacci extensions, analysts have eyeballed $960 as the next big target. That’s a nice 60% stretch from current levels. And given the bullish posture we’re seeing, it doesn’t feel out of reach.
Support at $600 has been holding up nicely, forming a reliable base. And on the resistance side, $960 is starting to look less like a dream and more like a real destination — assuming this bullish structure holds.
Plus, when you zoom in, most of the candles have leaned green lately. Even when red ones do show up, they’ve been tamed pretty quickly. Volume’s picking up too, which means traders are paying attention. All signs point to accumulation, not distribution.
What’s the Community Saying?
Crypto Twitter and Telegram groups are buzzing with optimism around BNB. The vibe? Pretty bullish. While there’s no hard timeline on when (or if) we’ll see $960, analysts are keeping one eye glued to the charts.
As long as BNB hangs onto its support and keeps drawing in buyers, the path to higher highs stays open. It’s not guaranteed — nothing ever is in crypto — but the setup is clean, and the market seems to like what it’s seeing.
