Binance price has surged above the $700 multi-year range high, confirming a bullish breakout. With strong market structure intact, technical targets now extend toward $1,000 and potentially $1,450.
Summary
- BNB breaks out above the $700 multi-year resistance range.
- Market structure remains bullish with higher highs and higher lows intact.
- Fibonacci extensions project upside targets of $1,000 and $1,450.
Binance (BNB) is trading in firmly bullish territory after breaking through the multi-year resistance at $700. This breakout highlights strong market momentum that has been building since support at $180 was established, marking a multi-year range bottom. Binance is committing significant resources to expand in Mexico’s financial sector, further strengthening long-term sentiment around BNB. With Fibonacci extensions pointing toward higher levels, there are signs for continuation.
Binance price key technical points
- Range Breakout: BNB has breached the $700 multi-year resistance on a closing basis.
- Market Structure: Consecutive higher highs and higher lows remain intact since the $180 range low.
- Fibonacci Targets: $1,000 acts as the immediate resistance, with $1,450 as the next bullish extension.
BNBUSDT (1W) Chart, Source: TradingView
The decisive breakout above $700 represents a critical milestone for BNB. This level acted as resistance within a multi-year range, containing price for an extended period. A confirmed close above it indicates acceptance at higher levels and signals that the consolidation phase may have transitioned into a trending market.
BNB’s bullish market structure has been intact since it bottomed at $180, where price established a clear higher low before beginning its sustained rally. Since then, the chart has consistently printed consecutive higher highs and higher lows, a defining feature of bullish continuation. This structure not only validates the strength of the breakout but also increases confidence in the likelihood of further upside.
The Fibonacci extension levels add another layer of technical confluence. The $1,000 region has already been briefly tested, acting as both a psychological and technical milestone. If BNB can reclaim this resistance and close above it, the next measured move points to the $1,450 extension level. This projection suggests that while short-term consolidations may occur, the broader trajectory remains firmly skewed toward the upside.
Volume dynamics also support this breakout. While the initial move above $700 occurred with a surge in activity, the market is now consolidating, awaiting renewed influxes of demand. Sustained bullish volume will be required to drive continuation, especially as price approaches psychological levels where sellers are likely to emerge.
What to expect in the coming price action
As long as BNB remains above $700, the bullish outlook stays valid. A reclaim and breakout above $1,000 could trigger acceleration toward $1,450, continuing the multi-year uptrend. Failure to hold $700 would weaken the bullish thesis.