๐ **BNB/USDT โ Eyes on $1,000: Technical Setup in Motion**
BNB has broken out of a **falling wedge** and cleared key resistance at **$751**, now trading near **$819**. Analysts are eyeing **$1,000** as the next psychological milestone, with volume and momentum aligning for a potential breakout.
๐ **Technical Breakdown (12Hโ1D)**
| Indicator | Signal | Interpretation |
|----------|--------|----------------|
| **Falling Wedge** | Broken | Bullish reversal pattern activated
| **RSI (14)** | 67 | Strong momentum, near overbought
| **MACD** | Bullish crossover | Trend continuation
| **Volume** | $811M+ | High participation, confirms breakout
| **Long/Short Ratio** | 3.3 | Bullish sentiment dominates
| **Support Zones** | $743 / $660 | Pullback levels if rejected
| **Next Targets** | $903 โ $1,048 | Based on wedge height and breakout projection
๐ **Fibonacci Extension (from $508 low to $819 high)**
- **1.0x Extension:** $903
- **1.618x Extension:** $1,048
- **2.0x Extension:** $1,180 (long-term target)
**Smart Money Signals**
- **Volume spikes** during breakout and correction = institutional interest
- **VWAP** holding below price = bullish control
- **On-chain metrics** show rising wallet activity and long positions
๐ฏ **Trade Setup**
- **Entry Zone:** $805โ$820 (on retest)
- **TP1:** $903
- **TP2:** $1,048
- **SL:** $743 (below breakout zone)
Will BNB hit $1,000 before the weekend?
**#bnb #Write2Earn #BNBUSDT #BinanceSquareFamily #AltcoinSetup