Binance Price Prediction: Bulls Eye $1,200 as Breakout Extends Rally
The post Binance Price Prediction: Bulls Eye $1,200 as Breakout Extends Rally appeared on BitcoinEthereumNews.com. Binance Coin has emerged as one of the strongest performers among large-cap cryptocurrencies after breaking out of a bullish ascending channel pattern. The move, highlighted by analysts, points to strong continuation momentum and signals that buyers remain firmly in control. With technicals aligning and indicators flashing green, analysts suggest the asset could be on track to test levels near $1,200, marking a significant milestone for the token’s ongoing rally. Channel Breakout Confirms Bullish Strength BNB’s daily chart shows a well-defined ascending price channel, where each test of the lower support line triggered a rebound toward new highs at the upper resistance line. This classic continuation structure reflects persistent buying pressure and an ongoing demand cycle that has carried the token higher throughout 2024 and into 2025. Source: X The recent breakout above the channel’s upper boundary is a critical technical signal. It confirms that bulls have overpowered sellers, extending the prevailing uptrend beyond previous highs. According to Leshka Eth, this breakout implies a channel target price above $1,200, underlining strong investor confidence and the durability of the current bullish structure. This pattern also strengthens the long-term outlook for the crypto. A sustained move above the breakout level would validate the extension of higher lows and higher highs, creating a favorable setup for further gains. For traders and investors, the $1,200 target zone now represents a key milestone to watch in the weeks ahead. Market Data Reflects Steady Demand At press time, the coin trades at $906.79, showing a modest +0.45% gain over the past 24 hours. The token’s steady rise follows a bounce from a support base near $520 earlier this year, which has since acted as a springboard for the ongoing uptrend. Binance Coin’s resilience through periods of volatility underscores the depth of buying demand supporting the asset. Source:…
The post Binance Price Prediction: Bulls Eye $1,200 as Breakout Extends Rally appeared on BitcoinEthereumNews.com.
Binance Coin has emerged as one of the strongest performers among large-cap cryptocurrencies after breaking out of a bullish ascending channel pattern. The move, highlighted by analysts, points to strong continuation momentum and signals that buyers remain firmly in control. With technicals aligning and indicators flashing green, analysts suggest the asset could be on track to test levels near $1,200, marking a significant milestone for the token’s ongoing rally. Channel Breakout Confirms Bullish Strength BNB’s daily chart shows a well-defined ascending price channel, where each test of the lower support line triggered a rebound toward new highs at the upper resistance line. This classic continuation structure reflects persistent buying pressure and an ongoing demand cycle that has carried the token higher throughout 2024 and into 2025. Source: X The recent breakout above the channel’s upper boundary is a critical technical signal. It confirms that bulls have overpowered sellers, extending the prevailing uptrend beyond previous highs. According to Leshka Eth, this breakout implies a channel target price above $1,200, underlining strong investor confidence and the durability of the current bullish structure. This pattern also strengthens the long-term outlook for the crypto. A sustained move above the breakout level would validate the extension of higher lows and higher highs, creating a favorable setup for further gains. For traders and investors, the $1,200 target zone now represents a key milestone to watch in the weeks ahead. Market Data Reflects Steady Demand At press time, the coin trades at $906.79, showing a modest +0.45% gain over the past 24 hours. The token’s steady rise follows a bounce from a support base near $520 earlier this year, which has since acted as a springboard for the ongoing uptrend. Binance Coin’s resilience through periods of volatility underscores the depth of buying demand supporting the asset. Source:…
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