BNB Approaches Critical Resistance, Here Are the Next Price Targets

• The Binance As analysts monitor a cup-and-handle pattern that suggests a possible breakout, the coin tests resistance.
• Stable volume sustains a bullish trend toward important price targets, while buyers keep control and stop falls.
• Higher targets of $1,250, $1,500, and $2,000 might be reached if BNB breaks above resistance and moves toward $1,000.

A major resistance level has held back the price movement of Binance Coin (BNB). Analysts predict a big shift as long as the market structure maintains its bullish momentum. The market has tested this level multiple times, but buyers have maintained control and prevented significant declines. 

Cup-and-Handle Formation Indicates Strength

According to CryptoELlTES analysis, a cup-and-handle formation appears on the BNB/USDT time frame. The initial sharp decline created a rounded bottom, forming the cup. As the price neared resistance, the handle section developed, featuring minor retracements and consolidations.

This formation remains intact, reinforcing the bullish outlook. The structure suggests accumulation before a decisive move upward.

The resistance level acts as a barrier, restricting upward movement. The market has tested this zone multiple times without breaking through. If BNB moves past this level, analysts identify key price targets: $1,000, $1,250, $1,500, and $2,000. Each level presents potential consolidation points before further price increases. The market structure supports continued upward momentum if resistance breaks.

Volume and Market Participation

Trading volume remains stable, showing consistent market participation. Buyers control the market, preventing major declines below established support levels. A rise in volume could confirm a breakout. The vertical projection, based on the cup depth, aligns with the identified price targets. Higher volume near the resistance level could signal a strong breakout.
BNB continues moving upward within the pattern. A breakout from the handle region would confirm bullish momentum. If the resistance level holds, further consolidation may follow. Market participants closely monitor price action at this key level to determine the next trend direction. Analysts expect a decisive move based on upcoming market activity.