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Key Takeaways:
- BNB has broken a 3-year diagonal resistance, confirming a significant structural shift on the monthly chart.
- Price targets near $1,200 are now in focus, supported by a measured move from the multi-year range.
- Volume, volatility, and BTC performance reinforce the bullish trend, provided price stays above the breakout zone.
Binance Coin (BNB) has confirmed a major bullish breakout on its monthly chart, closing decisively above a long-standing diagonal resistance that capped price action since 2021. As of July 23, 2025, BNB trades at $798.01, reflecting a 6.2% gain over 24 hours, and signaling the start of a potential larger uptrend.
Breakout Above 3-Year Resistance Sparks Bullish Shift
The diagonal resistance trendline that BNB has struggled against since 2021 has finally been breached. The current monthly candle has closed firmly above this level, confirming a technical breakout from a long-term consolidation structure marked by three distinct peaks and multiple retracements. This structural shift indicates a renewed phase of bullish expansion, adding weight to technical predictions of a continuation move.
HUGE $BNB BREAKOUT!!!! (Target: $1,200) pic.twitter.com/hMndlRcVCS
— Crypto Kid (@CryptoKidcom) July 23, 2025
Notably, BNB’s price has moved from a monthly low of $645.71 to a high of $804.70, showing strong bullish intent across multiple timeframes.
Key Price Levels and Short-Term Volatility
BNB is currently trading just below a near-term resistance level at $801.83, having held support around $750.06 during recent intraday movement. This 24-hour range confirms the presence of heightened volatility as traders react to the breakout.
Against Bitcoin, BNB has gained 5.2%, currently valued at 0.006724 BTC, further supporting short-term bullish sentiment. Should the price face rejection at the $801.83 zone, a retest of support could be expected — but maintaining levels above the breakout line remains the key bullish criterion.
Also Read: Binance Coin (BNB) Eyes Breakout as Transactions and TVL Spike
Monthly Chart Projection Signals $1,200 Target
Based on classical technical analysis, a measured move from the consolidation structure projects an upside target of approximately $1,200. This projection is derived from the vertical height of the multi-year structure applied to the breakout zone.
Volume has increased meaningfully alongside a large bullish candlestick, validating interest and commitment from market participants. The current phase marks a transition from consolidation into a potential expansion leg — a critical phase in long-term price growth.
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.
