BNB is testing critical resistance zones that could determine its next move. The token recently retraced from $898, which aligns with the Fibonacci extension of 0.618, often considered the strongest barrier in a bull trend. The price of BNB is currently trading one level below another key resistance level of $882.
With $898–$899 marking its all-time high and one of the most challenging resistance zones, a decisive close of a candle above that level could open the way towards $922 and $952.
Once BNB strongly surpasses $898 and price discovery begins, the first four-digit target is set at $1,038. If the momentum from spot and derivatives markets holds, this could just be the beginning of a more prolonged rally, where $1,000 becomes less a destination and more a milestone on the way.
However, if the price of BNB falls below $812, a key retracement zone, the short-term bullish hypothesis would be invalidated. This would momentarily halt the advance of BNB's price.
