Binance Coin has emerged as one of the strongest performers among large-cap cryptocurrencies after breaking out of a bullish ascending channel pattern.
The move, highlighted by analysts, points to strong continuation momentum and signals that buyers remain firmly in control.
With technicals aligning and indicators flashing green, analysts suggest the asset could be on track to test levels near $1,200, marking a significant milestone for the token’s ongoing rally.
Channel Breakout Confirms Bullish Strength
BNB’s daily chart shows a well-defined ascending price channel, where each test of the lower support line triggered a rebound toward new highs at the upper resistance line. This classic continuation structure reflects persistent buying pressure and an ongoing demand cycle that has carried the token higher throughout 2024 and into 2025.
Source: X
The recent breakout above the channel’s upper boundary is a critical technical signal. It confirms that bulls have overpowered sellers, extending the prevailing uptrend beyond previous highs. According to Leshka Eth, this breakout implies a channel target price above $1,200, underlining strong investor confidence and the durability of the current bullish structure.
This pattern also strengthens the long-term outlook for the crypto. A sustained move above the breakout level would validate the extension of higher lows and higher highs, creating a favorable setup for further gains. For traders and investors, the $1,200 target zone now represents a key milestone to watch in the weeks ahead.
Market Data Reflects Steady Demand
At press time, the coin trades at $906.79, showing a modest +0.45% gain over the past 24 hours. The token’s steady rise follows a bounce from a support base near $520 earlier this year, which has since acted as a springboard for the ongoing uptrend. Binance Coin’s resilience through periods of volatility underscores the depth of buying demand supporting the asset.
Source: BraveNewCoin
According to BraveNewCoin data, the cryptocurrency remains one of the most liquid and widely traded large-cap cryptocurrencies, consistently ranking in the global top 5 by market capitalization. Daily trading volume continues to reflect healthy participation, adding credibility to the breakout and reinforcing the bullish outlook.
Analysts note that the $900 level now acts as a psychological support zone. Holding above this threshold will be crucial for sustaining momentum toward the $1,200 target. Conversely, a failure to maintain this range could trigger short-term consolidation before another attempt higher.
Indicators Point to Momentum Continuation
On the other hand, technical indicators add further confidence to the bullish thesis. The Chaikin Money Flow (CMF) currently reads +0.06, highlighting positive capital inflows and suggesting that institutional and retail buyers are accumulating BNB during minor dips. Sustained inflows at this level strengthen the likelihood of continued upward momentum.
Source: TradingView
Meanwhile, the Bollinger Band Power (BBP) is recorded at 55.93, reflecting both elevated volatility and strong momentum. This indicates that price is expanding firmly away from its median range, a signal often associated with trending markets. As volatility rises alongside inflows, conditions favor a continuation of the breakout rather than a reversal.
