The summer of 2025 promises to be a historic moment for the crypto market. This time, Binance Coin ($BNB ) is on the scene. Breaking its silence and targeting resistance levels it has been unable to break for a long time, #bnb may be on the verge of a major breakout. Market players believe that the bulls are finally breaking free and heading towards $2,000 and beyond!
🔍 First time since 2021: Is a historical resistance breaking?
BNB has shown strong momentum in recent days, approaching once again the multi-year resistance level it has been testing since mid-2021. This region, which extends between $747 and $793, has suppressed numerous bullish trends in the past. Now, the increasing pressure on this area demonstrates the bulls' determination.
A long-term chart presented by analyst Attila Olgun suggests that a breakout above $793 could mark the beginning of a new supertrend in BNB. This region also represents the upper limit of the accumulation period between 2022 and 2024, indicating that we are technically on the brink of a "major breakout."
📈 Channel Projection: Target $2,260!
Technical projections based on the height of the consolidation channel clearly point to $2,260 as the next target for $BNB . Analysts believe that a weekly close above $793 is essential for this rally to be confirmed.
Such breakouts, following prolonged accumulation, often signify persistent and strong bullish trends. This means that BNB could signal a transition to a new market structure, not just a short-term bounce.
📊 Trading Volume Explodes: Institutions Enter
According to data from BraveNewCoin, BNB rose 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, particularly since the night of July 17, have increased, demonstrating that the rise is not driven solely by retail investors.
