The post Binance Coin Price Prediction: Technical Indicators Suggest BNB Targeting $950 appeared on BitcoinEthereumNews.com.

Binance Coin (BNB) is nearing a significant technical inflection point. After forming a consistent series of higher lows over the past year, the price is pressing against a long-standing resistance zone. Technical indicators across multiple timeframes show strengthening bullish momentum. A confirmed breakout may unlock a path toward the $950–$1,000 range. Weekly Triangle Formation Builds Breakout Potential The weekly chart for BNB/USDT shows a well-defined ascending triangle structure. This formation has been building for over 18 months, with price respecting an upward-sloping trendline while repeatedly testing horizontal resistance between $600 and $650. The repeated rejection from this zone has not disrupted the bullish structure, as each retracement has formed a higher low. Source: X The projected move based on the triangle’s height places the breakout target between $950 and $1,000. This projection is based on classical pattern analysis, with the vertical height of the triangle applied to the breakout point. According to @best_analysts, this configuration on the 1W chart provides high confluence for position traders targeting multi-month gains. As of now, price is once again testing the upper boundary, and a weekly close above $650 would confirm the pattern’s breakout phase. Daily Price Action Holds Above Support with Rising Volume Additionally, BraveNewCoin’s 24-hour chart analysis highlights intraday strength and steady price action. BNB traded between $686 and $696 during the session, ultimately closing at $694.61. The ability to hold above short-term support at $686 while posting higher intraday lows indicates the continuation of bullish structure. This resilience around key price levels reflects consistent accumulation pressure. Source: BraveNewCoin Trading volume surged to $1.72 billion, marking a clear increase in participation. The bulk of this volume arrived in the second half of the trading day as bulls stepped in to reclaim dips. BNB’s market capitalization remains steady above $101 billion, with the…

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Filed under: News - @ July 12, 2025 7:31 pm