$BNB Closes Its Strongest Week Ever — All-Time High Breakout Approaching?

$BNB has just completed its most bullish weekly close in history, ending at $765.22—up 10% for the week. As of Monday, it continues to trade above $762, signaling strong momentum.

According to CoinGlass, BNB futures Open Interest has surged to a new annual high of $1.05 billion, up from $829.5 million midweek. This sharp rise suggests a fresh wave of capital entering the market, reinforcing a bullish outlook.

Technical Outlook: BNB Eyes All-Time High

BNB is showing signs of breaking through its previous all-time high of $793.86. A sustained close above this level could trigger a new leg upward, targeting the 141.40% Fibonacci extension at $956.92. This projection is based on the August low of $400 and the previous peak near $794.

Last Wednesday, BNB broke above a falling wedge pattern, reaching $709.29 and closing above a key resistance level at $742 by Sunday. That breakout has now turned into a new support zone, potentially paving the way for continued gains.

Key Levels to Watch:

Immediate resistance: $793.86 (All-time high)

Breakout target: $956.92 (Fibonacci extension)

Support on pullback: $742 and $709.29

With rising investor confidence and strong technical signals, $BNB may soon enter price discovery mode. However, if a correction occurs, watch for support around $709 to stabilize the trend.

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