BNB Price Update: Holding $1,020 After 10% Rally — Can Bulls Extend Toward $1,565?
BNB (BNB) is consolidating above $1,020 following a strong 10% weekend surge, briefly touching a new all-time high of $1,083 before easing lower. Despite short-term cooling, momentum remains bullish, with traders eyeing higher targets into Q4.
Short-Term Outlook
BNB has slipped about 3% from today’s peak, with RSI flashing overbought signals.
Immediate supports sit at $1,012 (20-4H EMA) and $974 (50-4H EMA + trendline support).
A dip toward these zones would reflect healthy consolidation while preserving the broader uptrend.
October Target: $1,150
Market analysts highlight strong trading activity, with $3.2B daily volume and a long/short ratio favoring bulls. Historically, BNB’s trendline retests since June have sparked 20–35% rebounds, implying potential upside toward $1,150 in October, even if price revisits $970 first.
Year-End Potential: $1,250–$1,565
On higher timeframes, BNB has confirmed a breakout from a cup-and-handle pattern, flipping the 1.618 Fib level ($1,037) into support. Next major targets include:
$1,250 (cup-and-handle projection)
$1,565 (2.618 Fib extension)
This structure mirrors BNB’s explosive 2020–2021 rally, where similar setups fueled parabolic growth.
Onchain Sentiment
BNB’s NUPL indicator is back in the optimism–anxiety zone, a signal last seen before multi-hundred-percent rallies in prior cycles. This suggests investor confidence is strengthening.
👉 With strong technicals and supportive on-chain data, analysts expect $1,250–$1,565 as realistic year-end targets, though short-term pullbacks remain part of the path upward.
