Binance Coin price analysis: Wave 3 targets $1,000
The post Binance Coin price analysis: Wave 3 targets $1,000 appeared on BitcoinEthereumNews.com. BNB has officially broken above its high-timeframe resistance at $800 for the first time ever on a weekly closing basis. With volume building and market structure turning aggressive, price action is showing signs of a powerful bullish continuation. Summary BNB confirmed a weekly close above $800 for the first time, marking a major breakout. Price is likely in wave 3 of a bullish Elliott wave cycle, targeting the $1,000–$1,050 region. Rising volume indicates strong demand, with no rejection signaling continued strength in the trend. Binance (BNB) has confirmed a bullish engulfing candle above the $800 resistance zone, a level that has capped upside for over a year. This breakout marks a historic technical development, as it is the first time BNB has held above this level on a weekly basis. The absence of rejection following the breakout suggests the move is genuine, and demand is beginning to build at these higher price zones. Key technical points: Confirmed Weekly Close Above $800: First weekly close above high-timeframe resistance in BNB’s history. Wave 3 in Progress: Bullish Elliott wave structure points to continuation toward Fibonacci extension targets. Rising Volume Profile: Consistent upticks in volume indicate growing demand and strength behind the move. BNBUSDT (1W) Chart, Source: TradingView From a structural perspective, the breakout above $800 confirms a significant shift in long-term momentum. BNB has not only broken through resistance, but it has done so with a bullish engulfing candle, signaling conviction from buyers. If this level holds as support in the coming weeks, it would validate this zone as a new demand base and further support the case for continued upside. In terms of Elliott wave structure, BNB appears to have completed wave 2 at the value area low and is now advancing into wave 3. This is typically the most explosive…
The post Binance Coin price analysis: Wave 3 targets $1,000 appeared on BitcoinEthereumNews.com.
BNB has officially broken above its high-timeframe resistance at $800 for the first time ever on a weekly closing basis. With volume building and market structure turning aggressive, price action is showing signs of a powerful bullish continuation. Summary BNB confirmed a weekly close above $800 for the first time, marking a major breakout. Price is likely in wave 3 of a bullish Elliott wave cycle, targeting the $1,000–$1,050 region. Rising volume indicates strong demand, with no rejection signaling continued strength in the trend. Binance (BNB) has confirmed a bullish engulfing candle above the $800 resistance zone, a level that has capped upside for over a year. This breakout marks a historic technical development, as it is the first time BNB has held above this level on a weekly basis. The absence of rejection following the breakout suggests the move is genuine, and demand is beginning to build at these higher price zones. Key technical points: Confirmed Weekly Close Above $800: First weekly close above high-timeframe resistance in BNB’s history. Wave 3 in Progress: Bullish Elliott wave structure points to continuation toward Fibonacci extension targets. Rising Volume Profile: Consistent upticks in volume indicate growing demand and strength behind the move. BNBUSDT (1W) Chart, Source: TradingView From a structural perspective, the breakout above $800 confirms a significant shift in long-term momentum. BNB has not only broken through resistance, but it has done so with a bullish engulfing candle, signaling conviction from buyers. If this level holds as support in the coming weeks, it would validate this zone as a new demand base and further support the case for continued upside. In terms of Elliott wave structure, BNB appears to have completed wave 2 at the value area low and is now advancing into wave 3. This is typically the most explosive…
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