The post BNB News: Binance Coin Eyes Breakout Toward $1,200 Target appeared on BitcoinEthereumNews.com.

Binance Coin price is flashing strong bullish signals as analysts on X anticipate a major move from its current consolidation zone. The token’s resilience near key support levels has sparked expectations of a breakout that could send prices toward the $1,200 mark. Analyst highlights Strong Diagonal Support In a recent post on X, analyst BATMAN noted that BNB is testing a crucial diagonal support level for the fourth time, emphasizing that market movements appear designed to “shake out” weak hands. According to the analyst, the chart setup suggests the bottom is already in, and if the current support continues to hold, the coin could rally significantly from here. Source: X “The chart shows we’re going higher,” the post read, pointing toward a possible surge beyond $1,200 in the next bullish leg. This pattern resembles previous breakout setups where repeated tests of trendline support often precede explosive upward moves once the pressure from sellers weakens. Market sentiment around the coin has notably improved as it holds steady despite broader market fluctuations, reinforcing the case for a potential trend reversal. Market Data Shows Solid Momentum With Increasing Volume According to BraveNewCoin, BNB is trading at $1,087.95 with a market cap of $149,949,455,850.00. Its price is 0.86% up in the last 24 hours, maintaining a strong technical foundation with improving market activity. At the time of reporting, the token’s performance mirrored broader optimism in the altcoin space, echoing movements seen in other high-cap assets. The data confirms that the coins’ trading volumes are increasing, often a precursor to heightened volatility and price discovery. Source: BraveNewCoin Market analysts suggest that the coin’s structure reflects a steady demand zone that continues to attract buyers near lower levels, creating favorable conditions for a new rally. With historical liquidity and consistent exchange activity supporting its base, traders…

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Filed under: News - @ November 2, 2025 8:27 pm