Binance Coin is showing renewed strength after breaking a multi-year resistance, positioning itself as a possible frontrunner for the next market-wide bullish phase.
Analysts suggest the asset’s recent move could set the pace for a broader altcoin resurgence if momentum holds above key price zones.
Market Structure Shift, Says Crypto Rover
In a recent X post, analyst Crypto Rover shared weekly charts comparing Binance Coin with the total crypto market capitalization excluding Bitcoin and Ethereum (TOTAL3). The analysis reveals long-term accumulation patterns nearing crucial resistance levels. According to Rover, the coin’s chart has already broken above the resistance formed in 2021, suggesting a major sentiment shift and the potential start of a new bullish cycle.
Source: X
This breakout signals increased buying activity, showing that market participants are viewing the token as a leader in the next wave of altcoin momentum. Meanwhile, the TOTAL3 chart shows altcoins approaching but not yet clearing their corresponding resistance. Rover described this pattern as “the coin first, altcoins next,” implying that the Coin’s strength may precede a broader rally across the altcoin sector once confirmation arrives from other major tokens.
Market Data Reflects Stability Amid Volatility
According to BraveNewCoin, Binance Coin is currently trading at $1,109.24, down 1.75% in the past 24 hours, with a market capitalization of $154.26 billion. The trading volume stands at $2.32 billion, and the available supply is 139.17 million tokens, ranking it fourth globally. Despite the recent pullback, the token remains firmly above the $1,100 support zone, highlighting resilience in the face of broader market fluctuations.
Source: BraveNewCoin
The coin’s stability at this level reflects continued institutional and retail confidence. While short-term volatility has persisted, buyers appear to be absorbing sell pressure effectively, keeping the price structure relatively balanced. As market sentiment matures, traders are watching closely for a sustained push above the $1,140–$1,180 resistance band to confirm renewed bullish intent.
Highlight Show Key Resistance as Liquidity Builds
At the time of writing, BNB is trading near $1,110, displaying a neutral short-term outlook after a series of volatile sessions, according to TradingView data. Analyst CW noted that the token faces heavy resistance between $1,140 and $1,180, where dense sell orders and liquidity clusters are concentrated. This region has repeatedly rejected upward momentum, with the heatmap showing significant short interest defending these levels.
Source: X
Each attempt to breach $1,140 has triggered rapid rejections and price pullbacks toward $1,100–$1,080, indicating that traders are locking in profits or initiating new short positions near the resistance band.
However, a decisive break above $1,180 could absorb this sell-side liquidity and trigger short covering, propelling the crypto toward the $1,250 resistance zone. On the downside, support at $1,080 remains vital; losing this level could open the path to $1,050, while reclaiming $1,180 would likely mark the start of the cryptocurrency’s next bullish leg.