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BNB holds gains after reclaiming range high — outlook points to $1,141
Binance Coin (BNB) has emerged as one of the most resilient large-cap altcoins in recent weeks, building a clear bullish structure on weekly timeframes. After reclaiming the range-high resistance and recording several weekly closes above it, the market has demonstrated acceptance at higher price levels. That combination of momentum and structural strength places BNB in a favorable position for a potential run to the next Fibonacci extension.
Key technical points
- Range-high reclaim: Multiple weekly closes above the prior range high confirm bullish acceptance and momentum.
- Fibonacci extensions: The first medium-term target sits near $790, while the next higher-timeframe projection is $1,141.
- 200-week moving average: This dynamic support has held during retests, helping to preserve the higher-low structure.
The immediate resistance zone to watch is around $790, where BNB has already interacted with the initial Fibonacci extension target. A decisive and volume-backed reclaim of $790 would materially increase the odds of continuation toward the next projection at $1,141. That level represents a longer-term Fibonacci extension and a structurally important area where new highs could be established if bullish momentum resumes.
200-week MA and trend structure
The 200-week moving average has acted as a reliable trend filter throughout BNB’s advance. Price has respected this moving average on multiple retests, each time reinforcing the broader uptrend. As long as BNB prints higher lows above the 200-week MA, the longer-term bias remains tilted in favor of buyers and further upside scenarios become more likely.
Volume and breakout confirmation
Volume analysis adds another layer of insight. While aggregate volume has eased slightly during the current consolidation, this is common during healthy uptrends. Consolidations above reclaimed resistance often precede renewed inflows as confidence rebuilds. Traders should closely monitor volume: a breakout above $790 accompanied by increasing volume would provide stronger confirmation that BNB’s momentum is accelerating again.
What to expect next
BNB will likely remain in a consolidation phase above the reclaimed range high before the next decisive leg. A clean breakout above $890 in the coming sessions would open the door to the $1,141 Fibonacci extension target. Conversely, a sustained failure to hold the 200-week MA and a breakdown below recent higher lows would weaken the bullish thesis and invite deeper correction.
In summary, BNB’s weekly price action shows textbook bullish behavior with consecutive higher highs and higher lows. With technical confluences—range reclaim, Fibonacci levels, and 200-week moving average—aligned, the probability of further upside stays elevated while key supports hold. Traders and investors should watch breakout levels, volume, and moving-average support to gauge the strength of the next move higher in this major crypto altcoin.
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