BNB Could Test $1,000 After New All-Time High, but Hourly Chart Suggests Near-Term Downside

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  • BNB trades at $924.30 with 1.84% daily gain

  • Hourly charts show bearish momentum after a local resistance at $929.33.

  • Support sits at $923.64; all-time high observed at $929.90 and midterm outlook targets $1,000 if bulls hold.

BNB price update: Binance Coin at $924.30 after 1.84% gain; technical levels, risk of $920 test, outlook to $1,000 — read the latest analysis.

What is the current BNB price outlook?

BNB price is holding near $924.30 following a 1.84% rise in the last 24 hours. Short-term momentum appears mixed: bulls control the midterm trend, but hourly charts show bearish pressure after topping near $929.33. A decisive daily close will determine next targets.

The weekend began with broad market growth, according to CoinMarketCap, supporting continuation scenarios for major exchange tokens like BNB. Traders should watch the $923.64 support and the recent high at $929.90 for confirmation.

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How could support and resistance levels affect BNB price?

Short-term support at $923.64 is the immediate level to watch. If BNB breaks and closes below this support on hourly charts, expectation is for a decline toward the psychological $920 level by the next trading day.

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Image by TradingView

Resistance near the recent local peak around $929.90 (an intraday all-time high of $929.90 was recorded) represents a key supply zone. A sustained daily close above this range would increase the probability of momentum extending toward $1,000 by month-end, given current midterm bullish control.

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Hourly charts reflect short-term profit-taking after reaching resistance near $929.33, while daily charts still indicate buyer dominance. This divergence means intraday traders face downside risk to $923–$920, whereas swing traders may remain bullish if daily closes stay above recent highs.

Volume patterns from TradingView snapshots suggest reduced buying pressure during the intraday pullback. If buying volume resumes and daily bars close near the highs, BNB price momentum could re-accelerate.

Source: https://en.coinotag.com/bnb-could-test-1000-after-new-all-time-high-but-hourly-chart-suggests-near-term-downside/