according to the materials of the site - CryptoFrontNews
The price of BNB shows a change in market structure as the asset emerges from a controlled downward trend that lasted almost two months. High buying interest supports the maintenance of an upward trend over several trading sessions.
BNB broke through the upper boundary of the descending channel after several weeks of controlled movement. The pattern included lower highs and lower lows until a decisive candle broke the trend line. This movement signaled a structural shift, reinforced by sustained momentum.
A higher low formed near the mid-$820 level before the breakout, indicating that sellers are losing pressure within the channel. This level served as an exhaustion zone during previous attempts to lower the price. The formation of a higher low often precedes a change in the direction of movement.
On the chart provided by analyst ZAYKCharts, the potential target is 20–23%, indicating a range of $1020–$1050. This forecast aligns with nearby liquidity zones and historical dynamics. A retest of the $880–$900 range may confirm the acceptance of price above the previous resistance level of the channel.
At the time of writing, BNB is trading at $903.37, showing a 5.4% increase over the last 24 hours. The 24-hour range of $856.41–$908.27 reflects strong buyer interest. A smooth upward curve indicates a phase of controlled accumulation rather than emotional trading.
The asset quickly recovered after a sharp correction near the upper boundary of the $900 range. This recovery has become part of the 'higher-highs' and 'higher-lows' pattern visible on the right side of the chart. This sequence demonstrates sustained buyer activity over several intraday periods.
Market data at the time of writing shows a trading volume of $2.16 billion, confirming active participation. The market capitalization stands at $124.1 billion, with the circulating supply almost matching the total supply. This interrelationship supports stability as demand increases during bullish phases.
A broad intraday base has formed around the mid-$870 area, laying the groundwork for subsequent growth. This zone absorbed seller activity before continuing to rise towards $910. This formation demonstrates a stable platform for further attempts to move towards the upper ranges.
BNB remains near the upper boundary of its 24-hour range, showing market comfort at high prices. Steady trading in this range reflects the presence of buyers willing to support the structure during pullbacks. Such behavior maintains momentum as the session progresses.
If market activity persists, BNB's structure could approach the $920–$950 range. This area serves as an important point for the next directional move as the asset emerges from a multi-week correction.
