BNB Surges 6.5% Weekly, Eyes $1,000 Milestone

BNB, the native token of the Binance ecosystem, has demonstrated significant strength in recent weeks, holding above key support levels and showing bullish market sentiment. The token has consistently defended the $560 support level, which has historically triggered buying activity. This strength at the support zone signals continued demand and a potential setup for further gains. The weekly chart shows higher highs and rising momentum, supporting a bullish outlook as buyers maintain pressure and keep the structure intact. The token’s ability to sustain these levels indicates that market confidence is building.

Crypto analyst Crypto Patel noted that BNB has been printing higher highs on the weekly chart, a pattern that supports a bullish outlook. The chart reveals a clear ascending channel forming on higher timeframes, with price continuing to trade within this structure, setting higher lows and higher highs. This pattern typically favors buyers and could lead to a breakout. Patel suggested that a move above the $700 resistance zone, now in action, could unlock the path toward the $2,000 level. For this to play out, volume must accompany the breakout, confirming that real buying interest is behind the move. Without volume, the push may stall.

At the time of writing, BNB is trading at $716.06, posting a 6.5% gain in the past week, continuing its uptrend. The $1,000 mark is now being mentioned by traders as the next milestone. Crypto trader CryptosBatman noted that BNB is “moving exactly as planned,” citing higher lows and ongoing strength. He believes $1,000 could be reached soon, with further targets to follow based on future market behavior. BNB continues to hold its bullish bias as key support remains intact. With momentum building and resistance in sight, traders await confirmation for the next big move.