The post BNB Price Breaks Major Trendline: Weekly Chart Signals Start of New Bullish Phase appeared on BitcoinEthereumNews.com.

A decisive breakout on the BNB/USDT weekly chart has captured the attention of market participants, potentially marking the beginning of a new mid-term uptrend. After months of sideways movement capped by a long-term descending trendline, Binance Coin (BNB) has closed firmly above this resistance, suggesting a shift in momentum. The breakout arrives at a time when broader altcoin strength is gaining traction, reinforcing the move as part of a wider sector rotation. At the time of writing, BNB is trading around $783.21, following intraday volatility on July 24. Weekly Trendline Breakout Reinforces Long-Term Bullish Structure BNB’s weekly chart, shared by market analyst İbrahim Babadağı, reveals a strong bullish signal through a confirmed breakout above a descending trendline in place since late 2023. This breakout is accompanied by a wide green weekly candle and a noticeable uptick in trading volume, both of which indicate conviction behind the move. Importantly, the breakout occurs after a prolonged consolidation period below the resistance, a setup that typically precedes strong follow-through in trending markets. Source: X The breakout is further validated by BNB’s position above its 50-week and 100-week moving averages, both of which are trending upward. This alignment signals structural strength across longer timeframes. Should the breakout hold, BNB could target historical resistance zones between $850–$900, levels last seen during the mid-2022 cycle. From a trading strategy perspective, a retest of the former trendline near $700–$720 may offer confirmation before potential continuation to higher levels. Short-Term Volatility Emerges Around $800 Resistance The 24-hour BNB chart reflects a mixed sentiment in the near term, with the price fluctuating sharply after testing resistance near $805. Early trading activity on July 24 saw a brief surge followed by a pullback to a local low of $760, suggesting that overhead supply at the $800 level is still significant.…

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Filed under: News - @ July 24, 2025 9:33 pm