🌍🔥 "The world is talking about BNB! With a target of $2,000, the rise becomes legendary!"🤯🚀
The summer of 2025 promises to be a historic moment for the cryptocurrency market. This time, Binance Coin (below) is on the stage. Breaking its silence and targeting resistance levels it has not been able to break for a long time, (below) may be on the verge of a big explosion. Market players believe the bulls are finally breaking free and aiming for $2,000 and above!
🔍 For the first time since 2021: Is historical resistance being broken?
BNB has shown strong momentum in recent days, once again approaching the multi-year resistance level it has tested since mid-2021. This area, stretching between $747 and $793, has suppressed many upward trends in the past. Now, the increasing pressure on this area shows the bulls' determination.
Long-term charts provided by analyst Attila Olgun indicate that a breakout above $793 could represent the beginning of a new super trend in BNB. This area also represents the upper limit of the accumulation period between 2022 and 2024, suggesting that we are technically on the verge of a "big explosion."
📈 Channel forecast: target $2,260!
Technical forecasts based on the rising consolidation channel clearly point to $2,260 as the next BNB target. Analysts believe that a weekly close above $793 is essential to confirm this recovery.
Such breakouts, after a long accumulation period, usually indicate sustainable and strong upward trends. This means that BNB might signal a transition to a new market structure, not just a short-term bounce.
📊 Trading volume is exploding: institutions are entering
According to data from BraveNewCoin, BNB rose by 2.41% in the last 24 hours, reaching $2.73 billion in trading volume. The most notable development is that volume bars are increasing in line with the price. Institutional buying volumes have increased, especially since the evening of July 17, indicating that the rise is not solely driven by retail.
With this strong volume support, investors expect a retest of the $748-$793 range. This time, there is talk of a dead end.
📐 "Wedge Formation" on the monthly chart raises alarms
Another exciting technical signal is the wedge formation shared by analyst @Borsaray. The monthly chart shows the end of a narrow structure, with July's candle expanding and attempting a breakout.
The pressure zone between $740 and $793 is about to explode like a volcano. If a close above $793 this month represents the completion of the wedge formation, BNB's fate could change.
🔮 Fibonacci projections: $1,500 and above on the table
A breakout above $793 could make $1,500 the primary target, according to Fibonacci projections. Experts suggest that psychological levels after such breakouts are usually tested quickly. In this case, the psychological threshold of $2,000 is also on investors' radar.
🧠 Investor psychology: Is this just the beginning?
Market behavior shows that recoveries following long periods of consolidation are often strong and durable. The years-long accumulation process of BNB, which started at $211, may now be paying off.
Institutional buying, high trading volume, technical formations, and signals of changes in market structure, in particular, have made investors ready for a new recovery.
💬 The final word
Binance Coin may be on the verge of a historic shift. Closures above $793 will not only represent a technical victory but also a psychological turning point. If the bulls win this battle, the next target will not just be $1,000; it will represent the birth of a new leader in the cryptocurrency world.
📌 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.