- BNB trades above $1,040 support, showing steady structure and consistent buying pressure.
- A breakout above $1,160 could confirm bullish momentum toward the $1,250 – $1,320 target range.
- Market data shows higher lows and rising volume, signaling preparation for the next upward move.
BNB is displaying renewed strength above important support levels, which would point to the market preparing for yet another bullish move. The token’s structure remains steady, and a confirmed breakout above resistance could open the path toward the $1,250 – $1,320 target range.
BNB Maintains Strong Support Above $1,040
According to an observation by Kamil, Binance Coin (BNB) is trading over the critical zone support of $1,040, keeping the current market environment stable. The token traded at $1,095.85, marking a 1.56% daily increase, while showing higher lows on the chart that reflect continued buying interest.
The next important resistance zone is found around $1,160, marked as the flipping level for a bullish confirmation. Market data showed steady consolidation between $1,040 and $1,160 before potential continuation toward the $1,300 range. The chart indicated a consistent pattern of accumulation, suggesting market participants are positioning for a breakout.
BNB recorded a 7.5% monthly gain, closing the period above $1,100 with strong liquidity conditions. The trading volume was $4.24 billion in 24 hours and the market capitalization was $151.55 billion. The data revealed that there was active participation by investors and there was consistent demand during recent trading sessions.
Potential Breakout Toward $1,250 – $1,320 Range
BitGuru noted that BNB could retest its previous highs, and a breakout above that level may open the door to a strong bullish run toward $1,250 – $1,320. The technical setup remains favorable, with resistance near the previous all-time high acting as the next key test for buyers.
Market structure data confirmed higher lows, suggesting momentum is building for an upward extension. The price movement over the last month displayed alternating rally and correction phases, creating a well-defined short-term cycle. Each recovery phase recorded higher percentage gains, supported by improved trading volume and liquidity.
BNB has maintained a circulating supply of 137.73 million tokens and the fully diluted valuation is the same as the market capitalization. The consolidation around $1,100 indicates market steadiness as buyers are continuing to defend support zones. Analysts said if BNB can close above $1,160, it will signal the next leg up in the ongoing bullish structure toward $1,300 and higher.
