BNB Poised for Next Leg Higher With Support Holding and $1300 in Sight

Following an impressive rally from $990 to above $1,180, the asset now tests crucial zones around $1,130. Market sentiment stays bullish, with traders eyeing a potential breakout toward the $1,300 resistance level.

Binance Coin continues to sustain its bullish structure after a steep rally that pushed prices to $1,184.98 in the last 24 hours. The token advanced by 9.03%, marking another session of strong momentum as trading volume surged beyond $4.9 billion. The recovery began near the $1,100 level and accelerated through the mid-session, supported by consistent buying interest.

BNBUSD 24-Hr Chart | Source: BraveNewCoin

The upward move reflects market confidence as buyers continue to accumulate on dips. The price pattern has formed a clear series of higher lows, suggesting that demand remains intact at each retracement. With a market capitalization exceeding $164 billion, the token has retained its fifth-largest position among cryptocurrencies, signaling sustained participation from retail and institutional investors.

Analyst Altcoin Sherpa shared a chart showing Binance Coin upward move entering a short-term corrective phase. After a sharp advance, price action pulled back toward the highlighted green support zone around $1,130. This area represents a potential demand region where buyers could step in to defend the uptrend. Sherpa remarked that this level may serve as a “decent bid” point, indicating his continued exposure to the positions despite the retracement.

BNBUSD Chart | Source:x

Volume data shows a gradual decrease during the pullback phase, suggesting reduced selling pressure. As long as the cryptocurrency remains above the breakout zone near $1,084, the bullish outlook remains intact. Analysts are observing whether the price stabilizes within this support area, as a rebound could pave the way for a continuation toward recent highs between $1,200 and $1,210. The structure indicates a healthy correction within an ongoing uptrend rather than the beginning of a reversal.

Analyst Crypto Tony also presented a bullish outlook, showing the asset maintaining strong upward momentum following a rally from $990. He confirmed holding a long position from that level, emphasizing his expectation of further upside as the coin approaches its next target near $1,300. This level corresponds with a prior resistance zone and may act as a key area for traders to take partial profits.

BNBUSDT Chart | Source:x

The price action has shown sustained strength with limited pullbacks, indicating consistent demand throughout the rally. However, the rapid ascent has created potential short-term overbought conditions, prompting expectations of brief consolidation before continuation. Should price break decisively above the $1,250–$1,300 resistance range, it may validate Tony’s projected target and signal the start of the next leg higher.

Binance coin overall structure remains bullish as long as it holds above the $1,100–$1,120 range. This zone has acted as a key foundation for renewed buying activity, providing stability after each retracement. Market participants continue to monitor how the coin reacts to the $1,130 support area, which aligns with both analysts’ observations.

If the price maintains its position above this support and trading volume strengthens, it could resume its advance toward $1,300 in the coming sessions. The continuation of higher highs and higher lows on the chart reinforces the broader positive trend.