- BNB broke above its two-year resistance, confirming an ascending triangle pattern that resembles its 2020 breakout structure before a major rally.
- BNBChain activity is surging with increased TVL, new project launches, and active user growth, confirming real on-chain demand and ecosystem momentum.
- Binance remains the top exchange globally, with companies and DAOs allocating BNB into treasuries, reducing supply and increasing long-term demand.
Binance Coin (BNB) has now officially reached its growth stage after breaking a major resistance area it defended steadily over two years. This breakout is the sign that the bullish trend is taking off with the help of powerful fundamentals and technicals.
Technical Breakout Mirrors 2020 Structure
A tweet from @AkaBull_ explains that BNB recently broke above the $615–$635 range, which served as its resistance since mid-2022. The structure formed over the past two years resembled an ascending triangle — a continuation pattern known to precede bullish breakouts.
The breakout above this zone comes with confirmation. Price action shows a similar technical setup to the late 2020 breakout, which led to BNB’s rally toward $690. That previous pattern, formed by a flat resistance and higher lows, resulted in an 800% surge. This current move shares a close resemblance and appears to be unfolding on a larger scale.
This decisive move above the multi-year resistance validates the bullish structure and positions BNB for further gains in the coming quarters.
BNBChain and Binance Activity Reinforce Demand
On-chain fundamentals further support the technical breakout. The increase in the number of active wallet addresses with the increase in the BNB Chain activity, the increase in the total value locked (TVL), and the possibility of launching new projects are also availed. These signs point to organic growth and an increment in user activity on the blockchain.
Regardless of the global regulatory issues, Binance is currently the largest cryptocurrency exchange in terms of volume. This increases the utility of BNB, particularly discounts on transaction fees and ecosystem participation. The exchange’s dominance maintains demand for BNB across users and institutional platforms.
Additionally, there is a trend of DeFi protocols, DAOs, and companies adding BNB to their treasuries. This trend reduces circulating supply and strengthens long-term holding patterns.
Price Targets Point Toward $1K and Beyond
According to the analysis in the tweet, the next immediate price magnet is $1,000. This level represents both psychological resistance and a round-number target commonly watched by traders.
Further ahead, BNB could rise toward $1,800–$2,000 in this cycle. This projection aligns with Fibonacci extensions and past cycle behavior. Should network growth continue, this target range may be a conservative estimate.
