BNB’s price has continued its bullish ascent, breaking above the $1,050 barrier. Binance Coin price analysis by Coinidol.com.
BNB price long-term prediction: bullish
The bullish momentum extended to a high of $1,192 before being repelled. Buyers were unable to sustain the bullish momentum above $1,200, and the price retraced, closing above the 21-day SMA support. BNB has been trading above the $1,150 support but below the $1,200 high for the past 48 hours, maintaining its bullish trend. If the current barrier is broken, BNB is expected to rise further to $1,300. Today, BNB price is at $1,182.
Technical indicators:
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Key Resistance Levels – $1,000, $1,050, $1,200 -
Key Support Levels – $900, $850, $800
BNB indicator reading
The BNB price is in a steady upward trend. On both charts, the 21-day and 50-day SMAs are sloping upwards, indicating a bullish trend. The 21-day SMA has crossed above the 50-day SMA, confirming the bullish outlook. The 21-day SMA serves as the support level from which the altcoin bounces and resumes its upward movement.
BNB/USD price daily chart – October, 5, 2025
What is the next direction for BNB/USD?
BNB has continued to rise but has stalled below the $1,200 mark. The cryptocurrency is trading above $1,150 but below the $1,200 high. The altcoin is attempting to break through the $1,200 threshold. A break above the current high will allow the altcoin to continue its positive trend.
BNB/USD 4-hours chart – October, 5, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.