Crypto Ahmet
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๐๐ฅ "The World is Talking About BNB! With the $2,000 Target, the Rise is Becoming Legendary!"๐คฏ๐
The summer of 2025 promises to be a historic moment for the crypto market. This time, Binance Coin ($BNB ) is on the scene. Breaking its silence and targeting resistance levels it hasn't been able to break for a long time, #bnb may be on the verge of a major breakout. Market players believe the bulls are finally breaking free and are heading towards $2,000 and beyond!
๐ First Time Since 2021: Is Historic Resistance Being Broken?
BNB has been showing strong momentum in recent days, once again approaching the multi-year resistance level it has been testing since mid-2021. This region, which stretches between $747 and $793, has suppressed numerous uptrends in the past. Now, the increasing pressure on this area demonstrates the bulls' determination.
A long-term chart presented by analyst Attila Olgun suggests that a break above $793 could mark the start of a new supertrend in BNB. This region also represents the upper limit of the accumulation period between 2022 and 2024, indicating that we are technically on the verge of a "big breakout."
๐ Channel Projection: Target $2,260!
Technical projections based on the height of the consolidation channel clearly point to $2,260 as BNB's next target. Analysts believe a weekly close above $793 is essential for this rally to be confirmed.
Such breakouts, following prolonged accumulation, typically signal persistent and strong uptrends. This means BNB could signal a transition to a new market structure, not just a short-term bounce.
๐ Trading Volume Explodes: Institutions Enter
According to BraveNewCoin data, BNB rose 2.41% in the last 24 hours, reaching $2.73 billion in trading volume. The most striking development is that volume bars are increasing in line with the price. Institutional buying volumes, particularly since the evening of July 17th, have increased, demonstrating that the rise isn't solely driven by retail.
With this strong volume support, investors are anticipating a retest of the $748-$793 range. And this time, there's talk of a dead end.
๐ "Wedge Formation" on the Monthly Chart Issues Alarm
Another striking technical signal is the wedge formation shared by analyst @Borsaray. The monthly chart shows the end of a narrowing structure, with the July candle widening and attempting to break through.
The squeeze zone between $740 and $793 is poised to erupt like the mouth of a volcano. If a close above $793 this month marks the completion of the wedge formation, and BNB's fate could change.
๐ฎ Fibonacci Projections: $1,500 and Above on the Table
A breakout above $793 could make the $1,500 level the primary target, according to Fibonacci projections. According to experts, psychological levels following such breakouts are typically tested quickly. In this case, the $2,000 psychological threshold is also on investors' radar.
๐ง Investor Psychology: Is This Just the Beginning?
Market behavior shows that rallies following prolonged consolidations are often strong and persistent. BNB's years-long accumulation process, which began at $211, may now be bearing fruit.
Institutional buying, high trading volume, technical formations, and signals of changes in market structure, in particular, are causing investors to prepare for a new rally.
๐ฌ Final Word
Binance Coin may be on the verge of a historic transformation. Closes above $793 would represent not only a technical victory but also a psychological turning point. If the bulls win this battle, the next target won't just be $1,000; it will mark the birth of a new crypto leader.
๐ Warning: This analysis is not investment advice. Technical formations are based on past performance, and there is always an element of risk in the markets.
#AltcoinBreakout #AltcoinSeasonLoading #Binance #USCryptoWeek
๐ First Time Since 2021: Is Historic Resistance Being Broken?
BNB has been showing strong momentum in recent days, once again approaching the multi-year resistance level it has been testing since mid-2021. This region, which stretches between $747 and $793, has suppressed numerous uptrends in the past. Now, the increasing pressure on this area demonstrates the bulls' determination.
A long-term chart presented by analyst Attila Olgun suggests that a break above $793 could mark the start of a new supertrend in BNB. This region also represents the upper limit of the accumulation period between 2022 and 2024, indicating that we are technically on the verge of a "big breakout."
๐ Channel Projection: Target $2,260!
Technical projections based on the height of the consolidation channel clearly point to $2,260 as BNB's next target. Analysts believe a weekly close above $793 is essential for this rally to be confirmed.
Such breakouts, following prolonged accumulation, typically signal persistent and strong uptrends. This means BNB could signal a transition to a new market structure, not just a short-term bounce.
๐ Trading Volume Explodes: Institutions Enter
According to BraveNewCoin data, BNB rose 2.41% in the last 24 hours, reaching $2.73 billion in trading volume. The most striking development is that volume bars are increasing in line with the price. Institutional buying volumes, particularly since the evening of July 17th, have increased, demonstrating that the rise isn't solely driven by retail.
With this strong volume support, investors are anticipating a retest of the $748-$793 range. And this time, there's talk of a dead end.
๐ "Wedge Formation" on the Monthly Chart Issues Alarm
Another striking technical signal is the wedge formation shared by analyst @Borsaray. The monthly chart shows the end of a narrowing structure, with the July candle widening and attempting to break through.
The squeeze zone between $740 and $793 is poised to erupt like the mouth of a volcano. If a close above $793 this month marks the completion of the wedge formation, and BNB's fate could change.
๐ฎ Fibonacci Projections: $1,500 and Above on the Table
A breakout above $793 could make the $1,500 level the primary target, according to Fibonacci projections. According to experts, psychological levels following such breakouts are typically tested quickly. In this case, the $2,000 psychological threshold is also on investors' radar.
๐ง Investor Psychology: Is This Just the Beginning?
Market behavior shows that rallies following prolonged consolidations are often strong and persistent. BNB's years-long accumulation process, which began at $211, may now be bearing fruit.
Institutional buying, high trading volume, technical formations, and signals of changes in market structure, in particular, are causing investors to prepare for a new rally.
๐ฌ Final Word
Binance Coin may be on the verge of a historic transformation. Closes above $793 would represent not only a technical victory but also a psychological turning point. If the bulls win this battle, the next target won't just be $1,000; it will mark the birth of a new crypto leader.
๐ Warning: This analysis is not investment advice. Technical formations are based on past performance, and there is always an element of risk in the markets.
#AltcoinBreakout #AltcoinSeasonLoading #Binance #USCryptoWeek
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.