TLDR: 

BNB price surges past key support zone, signaling continued demand and bullish market sentiment.
The weekly chart shows higher highs and rising momentum, supporting upside continuation.
The ascending channel remains intact, with $2,000 potential if volume confirms a breakout.
BNB trades at $716, gaining 6.5% weekly as market eyes $1,000 next resistance level.

BNB is showing strength where it matters. The token is holding above key support and pushing higher week after week. Its price structure is bullish, and buyers appear to be gaining control. Momentum continues to rise as the market eyes a breakout. 

BNB Price Clears $560 Support; Structure Remains Bullish

According to recent chart analysis, BNB has consistently defended the $560 support level. This area has historically triggered buying activity, and price continues to react positively. The strength at this zone signals continued demand and a potential setup for further gains.

Crypto analyst Crypto Patel noted that BNB has been printing higher highs on the weekly chart. This pattern supports a bullish outlook as buyers maintain pressure and keep the structure intact. 

The token’s ability to sustain these levels indicates market confidence is building.

$BNB is holding strong above $560 support, building higher highs on the Weekly.

If it breaks this range with volume, $2000 becomes the next major liquidity target.

Structure is bullish. Momentum’s building. Watch closely. pic.twitter.com/REb8UbszDR

— Crypto Patel (@CryptoPatel) July 17, 2025

Ascending Channel Signals Room to Run

The chart reveals a clear ascending channel forming on higher timeframes. Price continues to trade within this structure, setting higher lows and higher highs. This pattern typically favors buyers and could lead to a breakout.

Crypto Patel suggested that a move above the $700 resistance zone, now in action, could unlock the path toward the $2,000 level. For this to play out, volume must accompany the breakout, confirming that real buying interest is behind the move. Without volume, the push may stall.

The current market structure shows increasing momentum. BNB has been gradually climbing, backed by steady buying pressure. Traders are now focused on volume, which remains the deciding factor for the next leg up.

If the price clears resistance with strong volume, the bullish scenario could accelerate. Crypto enthusiasts are watching closely to confirm whether accumulation will lead to a full breakout. If volume steps in, it could validate the $2,000 target mentioned in recent analysis.

BNB Price Holds Above $700 as $1,000 Target Nears

At the time of writing, BNB is trading at $716.06, according to data from CoinGecko. It has posted a 6.5% gain in the past week, continuing its uptrend. The $1,000 mark is now being mentioned by traders as the next milestone.

Crypto trader CryptosBatman noted that BNB is “moving exactly as planned,” citing higher lows and ongoing strength. He believes $1,000 could be reached soon, with further targets to follow based on future market behavior.

$BNB is moving exactly as planned. Now it’s ready to fly. The $1,000 USD target is going to complete sooner than you think.

Once we achieve it, we’ll make new targets based on the market conditions.

For now, BNB is making higher lows, a strong bullish signal that we’re heading… https://t.co/PSR2MGAFgp pic.twitter.com/qLTW2OUQVQ

— BATMAN (@CryptosBatman) July 17, 2025

BNB continues to hold its bullish bias as key support remains intact. With momentum building and resistance in sight, traders await confirmation for the next big move.

The post BNB Price Holds Strong Above Key Support, Sets Sights on $1,000 and Beyond appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 17, 2025 5:27 pm