$BNB (Binance Coin) has confirmed a classic “Cup and Handle” pattern on the monthly chart, signaling strong bullish momentum. After a long consolidation phase forming the “cup,” the recent shallow “handle” has been followed by a decisive breakout.
$BNB has broken above the key resistance at $670 and is now trading around $850, confirming the pattern. The theoretical price target is around $1,200, suggesting further upside potential in the medium to long term.
As this pattern appears on a high timeframe, it carries more reliability. Still, investors should watch market trends, Binance updates, and macro conditions carefully, and apply proper risk management strategies when trading in volatile crypto markets.
