- BNB consolidates around $1,100, forming a base for a possible breakout toward $1,500.
- Analysts note strong stability and rising momentum, with key resistance near $1,150.
- Growing volume and steady demand suggest traders are positioning for BNB’s next major move.
Binance Coin (BNB) is consolidating around the $1,100 level, forming a base that may lead to its next major upward move. Market analysts observe that if the price breaks above this range, the next target could approach $1,500. Momentum continues to grow quietly, and patience may yield positive results.
BNB Maintains Stability Within the $1,100 Range
As per an analysis prepared by BitGuru, BNB is trading at a range of $1,050 and $1,150 with a high degree of stability following the volatility in recent times. The token previously had a rise of 31.84% to reach about $1,347.78 in comparison to a $864.64, and then reversed by 20.94% to reach $1,120.
This correction led to a consolidation phase that has remained consistent through the current trading sessions. BNB is priced at $1,157.83, with a 3.3% rise in the last 24 hours, according to data from CoinGecko.
The day’s range lies between $1,120.42 and $1,159.71, reflecting steady buying activity. It has a market capitalization of $160.80 billion, which is backed by a floating supply of 139, 179,678 tokens representing the entire supply. Trading volume of $2.38 billion shows continued market participation and strong liquidity.
Analysts Eye Potential Breakout Toward $1,500
Market structure indicates that consolidation around $1,100 may form a foundation for another upward breakout. BitGuru’s chart analysis suggests that a close above the $1,150 resistance zone could open a path toward the $1,500 target.
Previous breakouts from similar patterns have produced sharp bullish moves, signaling growing investor interest at current levels. According to an observation by SatoshiOwl, “BNB looks solid short term, holding above $1,120 and slowly building momentum.”
The analyst added that if the token surpasses $1,145 with strong volume, it could move toward the $1,160–$1,180 range. Although the short-term dynamics are likely to be affected by the manipulations involving Bitcoin, the framework supports a slow upward trend. In general, gradual consolidation on the level of approximately $1,100 is gaining strength. With the current momentum, BNB can be on the verge of its next major move toward $1,500.
