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BNB Price Soars 600% From Bear Market Lows, Eyeing $1,980 As Next Target
The cryptocurrency landscape is witnessing a remarkable shift, with the BNB price emerging as a standout performer among the top ten cryptocurrencies by market capitalization. Over the past week, Binance Coin has surged by 30%, propelling its price to a new all-time high just shy of $1,350. This latest rally translates to a major 600% increase from its last bear market lows. Binance Coin Becomes Third-Largest Cryptocurrency The recent momentum has been particularly noteworthy, as the BNB price eyes to turn the $1,300 mark as its new support for further upside movements, retracing only 2% from its peak after its record-breaking rally on Tuesday. This minimal pullback signals a lack of sustained selling pressure and suggests that further upside potential remains on the horizon. If this trend continues, analysts are eyeing new price targets for BNB. Related Reading: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days The uptrend has also witnessed BNB surpass both XRP and Tether’s USDT, reclaiming its status as the third-largest cryptocurrency, trailing only behind Ethereum (ETH) and Bitcoin (BTC). This has been in part, attributed to CEA Industries Inc., which recently announced it has acquired over $600 million worth of BNB, holding 480,000 tokens at an average cost of $860 each. CEA’s ambition to become a major player in the BNB ecosystem, is also highlighted on its roadmap with plans to own 1% of the total Binance Coin supply by the end of the year. David Namdar, CEO of CEA Industries, commented on the recent surge, stating, “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.” The company’s CEO further emphasized that Binance Coin should be viewed not merely as a token, but as a central component of a “highly integrated network.” BNB Price Eyes Fibonacci Targets Of $1,486 And $1,983 Market expert Lark Davis has also added to the growing bullish sentiment surrounding the cryptocurrency’s rally on social media site X (formerly Twitter), noting that BNB is now firmly in price discovery mode, which could lead to further significant gains as the anticipated demand continues to grow. Related Reading: XRP Price Under Pressure: These Key Levels Hold The Fate Of A New Record Or A Drop Below $2 According to the expert’s analysis, the next major Fibonacci targets for the BNB price are set at $1,486 for the 2.618 level and $1,983 for the 3.618 level, indicating a strong possibility for continued upward momentum. This implies that if this scenario plays out, the coming days of months could see additional increases for the BNB price of 14% and a major 52% in the case of breaching $1,900. Featured image from DALL-E, chart from TradingView.com
Bitcoin Structure Points To Healthy Correction Before Next Wave Toward $150,000
Bitcoin’s recent price action suggests a cooling phase after its failed attempt to secure a close above the $123,000–$124,000 all-time high zone. While short-term retracement appears likely, the broader market structure remains bullish. This correction could serve as a healthy reset before Bitcoin gathers momentum for its next major wave, with $150,000 standing as the next target. Heatmap Reveals Key Gaps In Bitcoin’s Support Levels ZYN, a prominent crypto analyst, recently posted an update on X highlighting a key observation from Bitcoin’s cost basis heatmap. The analyst noted that there’s limited support between the $121,000 and $120,000 levels, creating a fragile zone that Bitcoin could easily slip through if selling pressure intensifies. Related Reading: Did Bitcoin Top? Top Trader Warns Of Brutal $98,000 Liquidity Sweep Below that, ZYN pointed out a major area of interest around $117,000, where approximately 190,000 BTC had been previously purchased. This accumulation zone reflects a strong base of recent buyers and could serve as a critical level where market participants step in to absorb any downside pressure. If Bitcoin does pull back toward $117,000, the analyst believes it could set the stage for renewed accumulation rather than a deeper correction. Historically, retracements into strong support levels like this have provided fuel for the next leg higher as both existing and new investors take advantage of lower entry points. Summing up, ZYN emphasized that while Bitcoin lacks meaningful cushioning around $121,000, a solid foundation appears to be forming at $117,000. BTC Struggles To Hold Above All-Time High Zone In a recent market update, Crypto Candy observed that BTC once again struggled to maintain momentum above its ATH resistance zone between $123,000 and $124,000. The level has proven to be a tough barrier, with price attempts above it quickly met by selling pressure. As a result, BTC failed to close and sustain above this critical area, leading to a retracement that aligns with earlier expectations outlined in their analysis. Related Reading: Bitcoin Momentum Indicator: Why 600,000 Transactions Threshold Matters Most Presently, this short-term correction is viewed as part of a natural and healthy market cycle, not a signal of weakness. The analyst noted that if the current momentum persists, Bitcoin could dip toward the $116,000–$118,000 region before finding strong support. This range is viewed as a potential accumulation zone where buying interest could re-emerge, setting the stage for renewed bullish momentum. Despite the pullback, the broader outlook remains optimistic. Crypto Candy reaffirmed a psychological long-term target of $150,000 for Bitcoin, suggesting that the current price action is merely a temporary pause before the next leg higher. Featured image from Pixabay, chart from Tradingview.com
BNB Price Soars 600% From Bear Market Lows, Eyeing $1,980 As Next Target
The cryptocurrency landscape is witnessing a remarkable shift, with the BNB price emerging as a standout performer among the top ten cryptocurrencies by market capitalization. Over the past week, Binance Coin has surged by 30%, propelling its price to a new all-time high just shy of $1,350. This latest rally translates to a major 600% increase from its last bear market lows. Binance Coin Becomes Third-Largest Cryptocurrency The recent momentum has been particularly noteworthy, as the BNB price eyes to turn the $1,300 mark as its new support for further upside movements, retracing only 2% from its peak after its record-breaking rally on Tuesday. This minimal pullback signals a lack of sustained selling pressure and suggests that further upside potential remains on the horizon. If this trend continues, analysts are eyeing new price targets for BNB. Related Reading: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days The uptrend has also witnessed BNB surpass both XRP and Tether’s USDT, reclaiming its status as the third-largest cryptocurrency, trailing only behind Ethereum (ETH) and Bitcoin (BTC). This has been in part, attributed to CEA Industries Inc., which recently announced it has acquired over $600 million worth of BNB, holding 480,000 tokens at an average cost of $860 each. CEA’s ambition to become a major player in the BNB ecosystem, is also highlighted on its roadmap with plans to own 1% of the total Binance Coin supply by the end of the year. David Namdar, CEO of CEA Industries, commented on the recent surge, stating, “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.” The company’s CEO further emphasized that Binance Coin should be viewed not merely as a token, but as a central component of a “highly integrated network.” BNB Price Eyes Fibonacci Targets Of $1,486 And $1,983 Market expert Lark Davis has also added to the growing bullish sentiment surrounding the cryptocurrency’s rally on social media site X (formerly Twitter), noting that BNB is now firmly in price discovery mode, which could lead to further significant gains as the anticipated demand continues to grow. Related Reading: XRP Price Under Pressure: These Key Levels Hold The Fate Of A New Record Or A Drop Below $2 According to the expert’s analysis, the next major Fibonacci targets for the BNB price are set at $1,486 for the 2.618 level and $1,983 for the 3.618 level, indicating a strong possibility for continued upward momentum. This implies that if this scenario plays out, the coming days of months could see additional increases for the BNB price of 14% and a major 52% in the case of breaching $1,900. Featured image from DALL-E, chart from TradingView.com
Bitcoin Structure Points To Healthy Correction Before Next Wave Toward $150,000
Bitcoin’s recent price action suggests a cooling phase after its failed attempt to secure a close above the $123,000–$124,000 all-time high zone. While short-term retracement appears likely, the broader market structure remains bullish. This correction could serve as a healthy reset before Bitcoin gathers momentum for its next major wave, with $150,000 standing as the next target. Heatmap Reveals Key Gaps In Bitcoin’s Support Levels ZYN, a prominent crypto analyst, recently posted an update on X highlighting a key observation from Bitcoin’s cost basis heatmap. The analyst noted that there’s limited support between the $121,000 and $120,000 levels, creating a fragile zone that Bitcoin could easily slip through if selling pressure intensifies. Related Reading: Did Bitcoin Top? Top Trader Warns Of Brutal $98,000 Liquidity Sweep Below that, ZYN pointed out a major area of interest around $117,000, where approximately 190,000 BTC had been previously purchased. This accumulation zone reflects a strong base of recent buyers and could serve as a critical level where market participants step in to absorb any downside pressure. If Bitcoin does pull back toward $117,000, the analyst believes it could set the stage for renewed accumulation rather than a deeper correction. Historically, retracements into strong support levels like this have provided fuel for the next leg higher as both existing and new investors take advantage of lower entry points. Summing up, ZYN emphasized that while Bitcoin lacks meaningful cushioning around $121,000, a solid foundation appears to be forming at $117,000. BTC Struggles To Hold Above All-Time High Zone In a recent market update, Crypto Candy observed that BTC once again struggled to maintain momentum above its ATH resistance zone between $123,000 and $124,000. The level has proven to be a tough barrier, with price attempts above it quickly met by selling pressure. As a result, BTC failed to close and sustain above this critical area, leading to a retracement that aligns with earlier expectations outlined in their analysis. Related Reading: Bitcoin Momentum Indicator: Why 600,000 Transactions Threshold Matters Most Presently, this short-term correction is viewed as part of a natural and healthy market cycle, not a signal of weakness. The analyst noted that if the current momentum persists, Bitcoin could dip toward the $116,000–$118,000 region before finding strong support. This range is viewed as a potential accumulation zone where buying interest could re-emerge, setting the stage for renewed bullish momentum. Despite the pullback, the broader outlook remains optimistic. Crypto Candy reaffirmed a psychological long-term target of $150,000 for Bitcoin, suggesting that the current price action is merely a temporary pause before the next leg higher. Featured image from Pixabay, chart from Tradingview.com