- Binance Coin (BNB) forms a hidden bullish divergence, signaling a potential surge beyond $1,085.7 with a 66% price increase.
- A $2B MGX investment in Binance fuels speculation of an altcoin season, increasing liquidity in digital asset markets.
- BNB’s price action, RSI trends, and institutional backing align for a bullish breakout, drawing close watch from traders and investors.
JavonMarks highlights a technical pattern in Binance Coin (BNB), signaling a potential bullish move. A hidden bullish divergence has formed, suggesting a continuation of the prior uptrend. This setup could push prices beyond the $650.6 target and possibly toward $1,085.7, reflecting a 66% increase. The analysis shows a historical downtrend followed by a breakout, consolidation, and a strong bullish surge.
BNB’s Market Structure Signals Potential Breakout
The price action of Binance Coin against the US Dollar has shown distinct phases. Initially, BNB experienced a prolonged downtrend before breaking out and entering a consolidation phase. This led to a bullish rally, supported by an ascending trendline. Eventually, the price broke below this support, indicating a correction within the market cycle.
Currently, BNB approaches its first breakout target of $555.6, with the next major resistance at $1,089.7. The RSI graph shows momentum trends, with a bullish divergence appearing. This means the RSI created higher lows while BNB’s price recorded lower lows. Such formations typically signal a potential reversal or a slowdown in bearish momentum.
Binance Secures Landmark $2 Billion Investment
Besides technical patterns, Binance recently announced a massive $2 billion investment from MGX, an Abu Dhabi-based AI and technology investor. This marks Binance’s first-ever institutional investment and the largest in crypto history. Additionally, the entire deal is conducted in stablecoins, highlighting a shift toward digital asset transactions.
Changpeng Zhao (CZ), the former Binance CEO, also had interesting insights on deploying funds. When asked about its utilization, he simply said, “To buy crypto, of course.” These comments have fueled speculations around potential altcoin season in 2025. Previously, these sorts of large ticket investments and cycle trends in markets have traditionally marked bullish runs, so this piece of information matters to cryptocurrency investors.
Moreover, CZ’s remarks about “more stables to buy alts soon” suggest increased liquidity for altcoins. This aligns with the observed bullish divergence in BNB, reinforcing expectations of an upward move.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.