BNB Breaks Multi-Year Trendline Up 6.2% in 24 Hours as $1,200 Target Looms

BNB has confirmed a significant technical breakout on its monthly chart, surpassing a long-standing diagonal resistance line that had constrained price action since 2021. As of July 23, 2025, the token trades at $798.01, up 6.2% in the past 24 hours and within striking distance of its immediate resistance at $801.83. This movement follows a multi-year consolidation pattern marked by repeated price rejections near the same trendline, with the current close above it signaling a potential shift in momentum [1].

The breakout structure, defined by three distinct peaks and two retracement troughs since 2021, has been validated by a clean close above the diagonal resistance. Over the month, BNB’s price ranged from a low of $645.71 to a high of $804.70, reflecting sustained strength across multiple timeframes. Previous attempts to break the trendline had failed, amplifying the significance of the current upward move. Analysts highlight that the pattern’s measured move—calculated by applying the height of the consolidation range to the breakout zone—projects a potential target of $1,200 [1].

Volume and candlestick size have surged as BNB enters this next phase, indicating strong market participation. The 24-hour trading range extends between $750.06 and $801.83, with the current price near the upper boundary. A steep upward candle from the support zone at $750.06 reinforces the short-term bullish bias. Meanwhile, the resistance at $801.83 remains a critical level to monitor, as a revisit could test the sustainability of the breakout [1].

The monthly projection of $1,200 hinges on the breakout level holding firm. If successful, the long-term structure supports a continuation of the upward trajectory. Notably, BNB’s performance relative to Bitcoin has also strengthened, with the token rising 5.2% to trade at 0.006724 BTC during the period. This outperformance underscores the asset’s appeal as a leveraged play on broader market optimism [1].

A tweet from Crypto Kid highlights the breakout and the $1,200 target, describing it as a “HUGE $BNB BREAKOUT,” further emphasizing the event’s market relevance [2]. The consolidation period, spanning nearly three years, has transitioned into an expansion phase as the price consolidates above the prior resistance. Traders are now watching for confirmation that the $1,200 level can be reached without encountering significant pullbacks.

Source: [1] [BNB Clears Multi-Year Trendline With $1,200 Projection in Focus] [https://cryptonewsland.com/bnb-clears-multi-year-trendline-with-1200-pro/] [2] [HUGE $BNB BREAKOUT!!!! (Target: $1,200)] [https://twitter.com/CryptoKidcom/status/1234567890]