BNB News: BNB Surges After Consolidation, Eyes $1,230 to $1,300 Zone

Following the consolidation, BNB exhibits a new momentum, and the next round of bull run is centered around the key levels of 1,230 to 1,300.

The Binance coin (BNB) is moving in an upward trend that suggests an upward trend after a phase of price consolidation. 

According to the recent market dynamics, buyers are coming back into the market, and this is preparing a possible upswing to the level of 1,230 to 1,300.  As market observers on X suggest, the next bullish move may be centered on this breakout zone.​

What’s Driving BNB’s Momentum?

The price of BNB recovered from a significant low of about 864 and rose approximately 34.5 percent in three months. This increase is an indicator of heavy market participation and consistent liquidity. 

The support is also apparent around $1,090, which serves as a foundation of new buying power. 

This positive framework is supported by high volumes of trade, regularity of exchange operations, and a capped upper supply of 200 million BNB tokens as per analysis reported by BitGuru insights available on X.

Source – X

Recent days’ trading indicate that BNB has been fluctuating within the 1,050 and 1,087 ranges, and this shows it has good daily liquidity. 

Having a market capitalization of more than 140 billion, BNB remains very strong within the crypto market with current trading volumes of about 2.45 billion per day.​

Watch These Critical Levels for the Next Breakout

According to technical analysis, there is a clear resistance zone between $1,230 and $1,300. A breakout of this level would be a catalyst for increased purchasing behavior, and BNB would enter the next bullish phase. 

Meanwhile, the support at 1,090 is an important pivot point; as long as BNB supports at the same level, it is probable that momentum will continue to grow.

Source: MoreCryptoOnline(X)

MoreCryptoOnline indicated the possibility of a deceleration in the short-term waves but stressed the soundness of the bigger uptrend.  This indicates that there might be certain short-term fluctuations, but the general bullish momentum is intact.​

Traders also need to pay attention to the zone between 1,250 and 1,270 since it is important to keep this range in order to prevent a pullback. 

A dropback may put BNB at risk of being corrected back to the 1,080 area, which cautions short-term traders.​