As the summer of 2025 unfolds, Binance Coin (BNB) is emerging as a top contender in the crypto market, showing signs of a potentially historic breakout. With momentum building and institutional capital flowing in, the longstanding resistance zone between $747 and $793 may finally give way — opening the path toward significantly higher price levels.
---
🔍 Breaking Through Multi-Year Resistance: First Time Since 2021
For the first time since mid-2021, BNB is testing a major resistance zone that has capped its upside for years. The price is now pressing against the $747–$793 range — a critical technical region that has repeatedly suppressed bullish momentum.
According to analyst Attila Olgun, a confirmed breakout above $793 could mark the beginning of a long-term supertrend. This level also represents the upper boundary of a consolidation range that persisted from 2022 through 2024, further strengthening its technical significance.
---
📈 Price Projection: Channel Breakout Points to $2,260
Technical models based on the height of the consolidation channel suggest an upside target of $2,260, contingent on a decisive weekly close above the $793 threshold. Such breakouts, especially following prolonged accumulation phases, often signal structural shifts in market dynamics rather than short-term volatility.
> “A confirmed breakout above $793 may initiate a new market cycle for BNB, with strong trend continuation potential,” noted one market strategist.
---
📊 Institutional Demand Drives Volume Surge
Recent data from BraveNewCoin shows a 2.41% increase in BNB price within 24 hours, accompanied by a spike in trading volume to $2.73 billion. Notably, volume has been rising in tandem with price — a key indicator of strength and sustained demand.
Since July 17, institutional participation has visibly increased, reinforcing the view that the current rally is not retail-driven alone. Analysts are watching closely for a breakout of the $748–$793 resistance zone — a move that could usher in a new market phase.
---
📐 Wedge Formation Indicates Volatility Ahead
Technical analysis from @Borsaray highlights a wedge formation on BNB’s monthly chart. This narrowing structure appears to be reaching its conclusion, with the July candle expanding sharply toward the upper resistance zone.
A monthly close above $793 would likely complete this formation and could trigger a strong directional move, supporting the bullish breakout narrative.
---
🔮 Fibonacci Outlook: $1,500 to $2,000 Within Reach
Fibonacci projections suggest that once the $793 level is breached, the price could move quickly toward $1,500, with $2,000 emerging as a significant psychological milestone. These levels are historically tested in rapid succession following breakout confirmations, particularly in high-volume environments.
---
🧠 Market Psychology & Long-Term Accumulation
BNB has spent years in an accumulation phase, ranging from $211 to $793. Breakouts from such extended patterns are often powerful and sustainable, especially when supported by macro trends, technical confirmation, and institutional capital.
Investor sentiment is now turning increasingly bullish, as many see BNB’s current structure as the beginning of a potential leadership transition in the Layer-1 ecosystem.
---
📌 Final Thoughts
Binance Coin is positioning itself at a critical inflection point. A confirmed breakout above $793 would represent not just a technical shift, but a psychological turning point for the asset. Should bulls prevail, BNB’s path may not stop at $1,000 — it could redefine its standing in the broader crypto market with targets stretching as far as $2,000 and beyond.
> ⚠️ Disclaimer: This article is for informational purposes only and does not constitute financial advice. Technical analysis is based on historical data and does not guarantee future performance. Investors should exercise caution and conduct their own research before making any investment