Binance Coin Recovery Meets Resistance as Bulls Target $1,200
Brave New Coin
Binance Coin regained the $1,000 level but faces resistance near $1,040, with mixed trader sentiment ahead of potential moves toward $1,200.Summary
Binance Coin (BNB) has reclaimed the $1,000 level following a brief pullback, with analysts like Cipher X identifying $1,040 as a key breakout threshold. Sustained movement above this level could shift the structure to a fully bullish setup, targeting resistance at $1,120 and ultimately $1,200. However, market sentiment remains cautious; Myriad Markets data shows 64.7% of traders expect BNB to remain below $1,069 by mid-November. Technically, BNB is trading around $998.59, finding short-term support near $985. Failure to hold above $980 could lead to a retracement toward $950, but current volume and market cap suggest underlying resilience as bulls aim to confirm a breakout past $1,040.
(Source：Brave New Coin)