BNB reached a symbolic threshold by breaking through the $1,000 mark. In the midst of a bullish phase, it is retreating under the effect of exogenous market conditions, but in the short term, it is showing an interesting reversal pattern.
BNB, strength and resilience in a tortured market
It is Friday, October 24, 2025, and the price of BNB is around $1,120.
Binance Coin is one of the largest cryptocurrencies by market capitalization. With solid fundamentals, its usefulness within the Binance ecosystem gives it remarkable resilience, which is reflected in its price performance.
In addition, Donald Trump’s now official presidential pardon could pave the way for the return of its iconic founder to business.
Given Binance Coin’s recent progress in a difficult market environment, the question of a classic “buy the rumor, sell the news” movement seems entirely relevant.
Among the top four most speculated assets currently after ETH, BTC, and SOL, BNB is the only one for which financing costs are negative, despite weekly and daily bullish trends.
This configuration suggests that the uptrend is not over and that there could be, at the very least, one last rush for liquidity if the asset were to reverse and trigger a new downtrend in the medium to long term.
Now ranked fourth among cryptocurrencies, with a market capitalization of $157 billion, BNB is performing remarkably well, despite having undergone, like the entire ecosystem, high-magnitude tectonic shifts in recent weeks.
BNB is in the midst of a bull run
In our last analysis of BNB, we highlighted an interesting configuration of the 20- and 50-week moving averages, which suggested a new phase of bullish development for this asset.
Indeed, the lack of a bullish crossover and the realignment of the 7-, 20-, and 50-period averages suggested the establishment of a pronounced trend, which is still ongoing at present.
If we take these dynamic supports as a reference, the SMA7, shown in pink on our chart, is the support that must hold in order to maintain the current momentum in the short term.
If it were to give way (two closes below the support), then we could expect a pullback to the 20-period moving average, which is trending strongly upward. As these supports are dynamic, they are likely to change rapidly; it will be interesting to watch for convergences.
In addition, the $1,000 level will be worth watching closely: it represents the 1.618 extension of the last bear market, as well as the 50% retracement of the last weekly leg and the last low in the 3-day time frame.
This is a threshold that must be maintained at the weekly close, otherwise there is a risk of entering a major consolidation phase, as is often the case with BNB.
Above the price, another important confluence zone to watch is $1,200, which is where the 2 extension of the bear market is located, a target we had in our sights in this bull market.
The 0.236 Fibonacci retracement is also aligned with this psychological level, as is the 50% retracement of the last bearish leg in 3-day data.
The latter could define a working zone between $1,000 and $1,375, with the polarity at $1,200 determining the price direction. Below this, pressure is exerted on the $1,000 support; above it, a return to the ATH is possible.
If the all-time high is broken, a continuation of the bullish movement towards the next Fibonacci extension, located at $1,500, is entirely possible.
However, if the breakout fails, both at the upper and lower limits of this working range, then a range phase could materialize.
One positive factor that could favor a rebound is that the daily chart shows a change in structure with yesterday’s break above $1,143. The statistics therefore favor a rebound from the current zone.
In summary, BNB reached a symbolic threshold by breaking through the $1,000 mark. In the midst of a bullish phase, it is retreating under the effect of exogenous market conditions, but in the short term, everything could start again from there.
So, do you think BNB could soon reach $1,500? Feel free to share your thoughts in the comments.
Have a great day, and see you next week for a new technical analysis of altcoins.
