BNB Cup-And-Handle Breakout Powers Past $1,050, A Move To $1,100 Next?
BNB Surges to New All-Time Highs After Classic Bullish Breakout
BNB has decisively broken through key resistance levels, confirming a powerful bullish chart pattern that has propelled the token to a new all-time high above $1,100. After consolidating, a textbook BNB
The surge past the psychologically important $1,000 mark and the subsequent climb has positioned BNB as one of the market’s top performers, capturing the attention of traders and investors alike. With momentum firmly on its side, the key question now is whether this rally has the legs to push even higher into uncharted territory.
The Catalyst: A Picture-Perfect Cup and Handle Formation
The foundation for BNB’s explosive move was laid on the 4-hour chart, where a classic “Cup and Handle” pattern emerged. This technical formation is widely regarded by traders as a bullish continuation signal, indicating a period of consolidation before a significant upward move.
The pattern consists of two parts:
- The Cup: A “U”-shaped price recovery that shows the asset finding a bottom and gradually regaining strength.
- The Handle: A brief and shallow pullback or consolidation phase after the cup is formed, representing the final pause before a breakout.
For BNB, the critical level to watch was the pattern’s neckline, situated around the $1,030 resistance zone. A sustained close above this level was needed to validate the pattern and unleash fresh buying pressure. BNB didn’t just break this level; it shattered it, soaring past $1,050 and confirming the bullish thesis in spectacular fashion.
From Breakout to New Peaks: The Road to $1,100 and Beyond
Following the breakout, BNB’s momentum accelerated, quickly surpassing the initial target and reaching a new all-time high of around $1,111. This powerful follow-through not only rewarded patient bulls but also cemented BNB’s status as a market leader in the current cycle.
This rally is occurring within a broader market context of renewed strength. With Bitcoin testing its own all-time high resistance and Ethereum showing strong leadership among altcoins, BNB’s performance is seen by many as a leading indicator. Historically, strong rallies in large-cap altcoins like BNB can signal the start of an “altseason,” where capital rotates from the top assets into the wider altcoin market.
As BNB forges into new price discovery, its utility within the vast Binance ecosystem continues to provide a strong fundamental underpinning for its growth narrative, sparking conversations about its long-term position in the crypto hierarchy.
Key BNB Price Levels to Watch Now
With BNB trading in uncharted territory, traders are closely monitoring key levels for signs of continuation or consolidation.
Immediate Resistance
The next immediate hurdle lies near the $1,120 mark. A decisive push above this level could open the door for a sustained rally toward higher psychological targets like $1,150 and even $1,200 if the bullish market sentiment holds.
Crucial Support Zones
In the event of a pullback, several support levels are now in place to cushion a potential decline:
- $1,080 – $1,090: This range could act as the first line of defense, representing a healthy retest zone for new support.
- $1,050: The recently broken resistance level is now expected to act as a strong support floor.
- $1,000: This remains a major psychological support level that would likely attract significant buying interest if retested.
For now, the trend is undeniably bullish. The combination of a confirmed technical breakout, a new all-time high, and a strengthening broader market suggests that BNB may have more room to run in the fourth quarter.
