Binance Coin Steadies Near Bullish Trendline With Upside Target Of $1000

Analysts, including BATMAN and Crypto Tony, highlight the $840–$850 zone as a crucial support block, with $845 standing out as the key level to maintain momentum.

Despite a slight 1.64% dip in the last 24 hours, BNB remains resilient, consolidating within the $856–$865 range while holding above $850. With steady trading volume of $1.52 billion and a market cap near $120 billion, analysts suggest that defending this support could trigger another push toward $900 and potentially the psychological $1,000 milestone.

Long-Term Trendline Support Remains Intact

Binance Coin has staged a rally from the $600 level and is now consolidating around its long-term bullish trendline. According to analyst BATMAN, this area has served as reliable support for the past three months. Each retest of the structure has preserved the uptrend, despite several market corrections.

BNBUSDT Chart | Source:x

The current setup shows a bullish order block in the $840–$850 range, aligned with the ascending trendline. Historically, buyers have entered at these levels, fueling renewed rallies. Analysts suggest that holding this area could provide a foundation for another upward push, with the $900 zone seen as the next immediate target if momentum builds.

Price Consolidation Near $857

Recent trading shows Binance Coin stabilizing within a narrow range. Over the last 24 hours, the token fluctuated between $856 and $865, with the price settling near $860 at the observed timestamp. This pattern reflects consolidation rather than a decisive move in either direction.

BNBUSD 24-Hr Chart | Source: BraveNewCoin

Trading volume reached approximately $1.52 billion in the same period, supporting market stability but lacking strong upward momentum. With a market capitalization of $119.7 billion, it remains one of the five largest cryptocurrencies. The steady liquidity suggests investor interest continues, though participants appear to be waiting for a stronger directional signal before committing to larger positions.

Analysts Point to Key Support at $845

Analyst Crypto Tony has emphasized the importance of the $845 level on the weekly chart. He notes that a hold above this support increases the probability of an advance toward $1,000. The recent breakout from lower levels has demonstrated bullish momentum, and defending $845 would confirm continued buyer control.

BNBUSDT Chart | Source:x

The price structure shows that the token has already converted prior resistance areas into support. Maintaining these gains is viewed as critical for further growth. A consistent hold above $845 would likely add to positive sentiment, while a loss of this level may trigger consolidation or a retest of lower zones.

Market Outlook and Investor Focus

Binance has declined 1.64% over the past 24 hours but continues to trade above its key support area. The ability to stay over $850, while sustaining volume, suggests underlying demand from market participants. Therefore, analysts expect that traders will watch for either a breakout above recent highs or a decisive close below $850 to determine the next trend.

The longer-term outlook remains constructive as long as the bullish trendline holds. Consolidation phases around support zones have previously preceded new rallies. With the $1,000 psychological barrier in sight, investors are monitoring whether current levels will provide the base for another upward move.