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- BNB reached a new all-time high of $1,079.
- Short-term supports sit at $1,000 and $950.
- Long-term momentum points toward $1,187.
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Binance Coin (BNB) has surged to a new all-time high of $1,079 on September 21, extending its strong bullish trend. Traders now have their sights set on the next Fibonacci extension level at $1,187, a target that appears within reach as momentum builds.
Key Support and Liquidity Zones
In the short term, BNB may still test lower levels before another breakout. Analysts highlight $1,040 and $1,000 as potential liquidity zones, with a wider demand area between $950 and $1,000. Should a deeper pullback occur, $800 remains a key support level to watch. However, the dense “magnetic” zone just below $1,100 suggests the price could push higher over the next 24–48 hours.
Weekly Chart Shows Strength
On the longer-term charts, BNB remains firmly bullish. The breakout past $740 resistance in July was followed by a healthy retest, signaling strong buyer control. Moving averages and the Awesome Oscillator both confirm the ongoing uptrend. Market observers note that BNB is now in “price discovery mode,” with Bitcoin still at $115,000 and not showing overheated on-chain signals — leaving room for further upside.
Lessons From Past Cycles
BNB’s performance echoes its 2021 cycle, where it rallied from months of accumulation under $40 to a peak of $691. This time, the token consolidated under $750 before breaking out, though its much larger market cap suggests growth may be steadier rather than explosive. Still, the parallels point to more upside potential, especially as long as Bitcoin remains stable.
Also Read: Shiba Inu Reserves Soar to 1 Trillion on Binance: Key Signals for Traders
With momentum on its side, Binance Coin could soon set fresh records. While volatility is inevitable, the broader trend remains intact. For long-term holders, the charts suggest patience may pay off as BNB continues to carve new highs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
