BNB Price Surge Signals Triangle Breakout with $850 Target Price Prediction

Binance Coin is showing strong bullish momentum as recent price action signals a potential breakout toward the psychologically significant $850 level.

Multiple technical charts reveal an encouraging upward trend backed by active market participation, although caution is advised near key resistance zones where pullbacks may occur.

Strong Upward Momentum and Key Resistance Test

Analyst chart highlights BNB’s robust upward movement following a consolidation phase. The token has overcome multiple resistance levels, reflecting growing market interest and buyer confidence. Price action is now approaching the critical $850 mark, a level that often acts as a psychological barrier for traders.

Source: X

While the overall momentum remains bullish, the chart also warns of possible exhaustion near this threshold. If the coin fails to break through $850 with solid volume backing, a retracement toward the $830 support zone could unfold.

In such cases, traders should watch for price stabilization and consolidation near $830, as this will likely influence crypto’s next directional move. Technical indicators like RSI and MACD suggest that although the bullish trend persists, it may experience short-term pullbacks before any decisive breakout materializes.

Intraday Price Fluctuations Reflect Healthy Market Demand

A closer look at intra-day price movements shows BNB trading near $836, exhibiting steady but moderate gains. Volume peaks have been aligned with upward price swings, indicating healthy demand from traders capitalizing on momentum.

Particularly in the latter part of the trading session, volume climbed, suggesting sustained interest and activity.

Source: BraveNewCoin

The MACD line crossing above the signal line signals strengthening bullish momentum, supporting the potential for continued gains in the near term. However, as the token nears resistance zones, market participants should be prepared for possible consolidation or minor corrections before any further upward push.

The Chaikin Money Flow (CMF), hovering slightly negative, implies there may still be some selling pressure, possibly from institutional or large-scale traders, tempering immediate price advances.

Technical Indicators Highlight Building Momentum With Some Caution

According to TradingView chart underlines a significant bullish pattern emerging for BNB as the price continues trending upward. Support levels have held firm, with resistance presenting itself around $840. Currently, the coin is in a crucial phase of its bullish run, pressing close to these resistance levels.

Source: TradingView

Momentum indicators bolster this outlook: the MACD histogram has moved into positive territory, showing rising buying pressure, which suggests bulls retain control and favor continued upwards movement. However, the CMF remains just below zero, indicating a slight drop in buying intensity. This divergence raises the possibility of a temporary slowdown or price correction within the coming days.

Traders should watch closely for a breakout above $850, which would confirm that the bullish trend is intact. Failure to surpass this level convincingly may lead to a pullback, potentially retesting lower support levels such as the $830 zone before attempting another rally.

Memecoins’ recent price surge reflects strong market interest with an imminent test of the $850 resistance level. Positive volume trends and bullish technical signals support the prospect of a breakout, but traders need to remain vigilant for possible short-term pullbacks and consolidations. A decisive, volume-backed move beyond $850 could pave the way for further gains, while failure may return focus to the robust supports near $830.