Binance Coin Price Rebounds From 900 Low Eyes Breakout Toward 1160 Zone
Binance Coin rebounded from $900, currently trading near $994, with eyes set on breaking the $1,090 resistance toward the $1,160 target.Summary
Binance Coin (BNB) is showing renewed momentum after rebounding from the $900 region, currently trading around $994, just below the critical $1,090 resistance level where previous rallies stalled. Analysts suggest that accumulation and increased volume signal renewed investor confidence, and a decisive close above $1,090 could target the $1,160 resistance zone, reinforcing a medium-term bullish outlook. Conversely, a drop below $1,000 might lead to retesting supports at $880 and $840. The market capitalization for BNB now exceeds $137.5 billion, confirming its status as the fifth-largest cryptocurrency. Market focus remains on whether BNB can sustain trading above $1,000 to confirm a breakout toward the $1,160 target.
(Source：Brave New Coin)