Binance Price Eyes $1K After Breaking Out of Symmetrical Triangle Pattern

Binance Coin (BNB) Price has recently captured strong market attention following a confirmed breakout from a multi-month symmetrical triangle pattern.

According to Alpha Crypto Signal, this bullish breakout pushed BNB above the key $700 level, triggering a rally toward the $785 resistance zone.

Although the price has since pulled back slightly to around $746, the structural breakout remains intact as long as BNB holds above the $687–$700 support range. Analysts are closely watching this zone for a potential retest, which could serve as a launchpad for the next bullish leg.

Adding to the bullish outlook, analyst Crypto Rand projects a possible surge toward the $1,000 level. This target aligns with the breakout from a descending trendline and strong momentum above previous resistance zones.

Binance Price Eyes $1K After Breaking Out of Symmetrical Triangle Pattern

Binance Coin (BNB) Price has advanced above a multi-month symmetrical triangle formation on the daily chart, marking the end of an extended consolidation phase. The breakout occurred as the price crossed above the $700 level, which had consistently acted as resistance since late 2024. Technical confirmation came when BNB closed decisively above the descending trendline, backed by an increase in buying volume.

Following the breakout, BNB price rallied toward the $785 zone. This horizontal level had previously acted as strong resistance, and the price responded with a corrective pullback after touching that area.

At the time of writing, BNB Price is trading around $746, maintaining levels well above its former consolidation range. Analysts monitoring the move view this structure as favorable for further gains, provided price stability continues above the former resistance region.

Key Retest Zone Between $687 and $700 in Focus

According to chart analysis, the zone between $687 and $700 now functions as a retest area. Previously a resistance region, this band is expected to act as support if bullish momentum persists. The Binance price action is currently forming above this level, indicating that the breakout has not been invalidated. A retest and hold in this region would typically support the continuation of the upward trend.

Source:X

The chart shows a consolidation base forming above the ascending triangle’s upper boundary, with horizontal volume showing reduced selling pressure near $700. Technical traders often use such setups to identify long entry opportunities, especially when momentum indicators confirm continuation potential. The breakout zone remains a key structural area to monitor as the trend develops.

Analyst Views Suggest Potential Extension to $1,000

Market analyst Crypto Rand has projected a bullish extension toward the $1,000 level. The forecast is based on confirmation signals shown on the daily chart, where price has broken free from descending resistance lines and is now trading in higher territory. The $690–$730 range served as a transition zone from accumulation to breakout, and price action above this level adds confidence to the structure.

Source:X

Visual annotations on the chart, such as checkmarks and arrows, mark areas where support held firm during the base-building period. The forecast toward $1,000 is speculative but supported by past breakout performance patterns in the crypto market. This psychological level would act as the next major resistance zone if buying volume resumes and no bearish reversal develops in the short term.

BNB Price Action and Volume Trends Show Mixed Signals

The intraday BNB chart over the past 24 hours showed volatile price behavior. The token dropped briefly to the $740 level before rebounding to a local high near $780. However, momentum faded shortly after, and BNB retraced, stabilizing near the $769 zone. This sequence suggests that profit-taking may have occurred after the initial price surge, as traders responded to the short-term price jump.

Source: BraveNewCoin

Daily volume trends reflect this behavior. Trading volume peaked early in the session and declined gradually, indicating a reduction in active participation. BNB Price posted a 0.72% dip over the past 24 hours but continues to trade above near-term supports, preserving its broader upward trend. With a market capitalization exceeding $107 billion and volume near $2.57 billion, Binance Coin remains one of the most actively traded assets in the market.