Binance coin price continues to build bullish momentum, extending its breakout beyond a multi-year range, the next Fibonacci extension target sits at $1,570.
Summary
- BNB trades in price discovery with bullish engulfing candles across time frames.
- Market structure remains intact with consistent higher highs and higher lows.
- Volume inflows confirm strong demand, supporting a move toward $1,570.
Binance (BNB) coin price market structure remains decisively bullish as price action trades confidently above previous resistance levels. The coin has maintained a strong trend of higher highs and higher lows on the monthly time frame, confirming sustained buying interest.
The ongoing rally represents one of the most powerful upward moves since the $700 breakout, with each candle closing as a bullish engulfing candle and reinforcing market strength across multiple time frames. Adding to the positive sentiment, the BNB memecoin launchpad recently surpassed pump.fun in daily revenue, highlighting growing ecosystem activity and renewed investor enthusiasm.
Binance coin price key technical points
- Fibonacci Extension Target: Price is on track toward the $1,570 Fibonacci target, with no major resistance above the current zone.
- Market Structure: Higher highs and higher lows continue to define BNB’s long-term bullish trend.
- Volume Profile: Increased buying volume supports continuation, confirming demand remains strong at current levels.
BNB’s breakout above its multi-year range has positioned the asset in what traders refer to as “blue-sky territory,” where price discovery unfolds without clear overhead resistance. The move beyond previous structural highs has been accompanied by a series of bullish engulfing candles, reflecting strong momentum and institutional buying support.
On the higher timeframes, the market structure remains clean and constructive. The sequence of higher lows and higher highs has persisted since the last major retest of long-term support. This consistency confirms that the bullish bias remains intact, and buyers continue to defend key retracement zones whenever minor corrections occur.
From a technical standpoint, the next major objective lies at the $1,570 Fibonacci extension level. As price currently trades above the previous breakout region near $1,000, there is minimal resistance until this next target is reached. The lack of supply pressure in this region allows BNB to trend freely, supported by strong bullish momentum and expanding volume profiles.
The volume profile also indicates steady demand at elevated price levels. This is a strong confirmation signal, suggesting that market participants are not taking profits aggressively despite the rapid rise. Instead, new inflows continue to build support for a potential continuation rally.
As long as trading volume remains elevated and structure holds above the previous breakout zone, the likelihood of a move toward $1,570 remains high.
What to expect in the coming price action
As long as BNB maintains structure above its breakout zone, bullish momentum remains intact. A continuation toward the $1,570 Fibonacci target appears likely, with buyers in firm control of the trend.
Volume behavior is important to monitor along with candle structure for signs of exhaustion, but for now, the path of least resistance remains upward.
