Based

bullish

Solana

Coin

<p>Crossing above the $600 mark, Binance's (BNB) coin price surpasses a multi-month resistance zone. As the breakout rally creates a solid bullish candle, the bull run increases the chances of a new all-time high.&nbsp;</p>   
<p>Will this breakout rally result in a price jump to the $1000 psychological mark? Let’s find out in Coinpedia’s latest BNB price analysis.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-binance-coin-bnb-performance">Binance Coin (BNB) Performance</h2>   
<p>With a strong breakout of the $600 psychological mark, the BNB token price is currently trading at $633. With an intraday gain of 5.95%, the ongoing recovery in Binance Coin accounts for 16.54% in the last week.&nbsp;</p>   
<figure class="wp-block-image size-full">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/09140952/PNG-image.png" alt="BNB PRICE CHART" class="wp-image-377810">
</figure>   
<p><a href="https://www.tradingview.com/x/P0ng6hp2/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>The breakout rally is currently heading towards the 78.60% Fibonacci level to challenge the $650 psychological mark.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-technical-indicators-support-breakout">Technical Indicators Support Breakout</h2>   
<p>The growing bullish influence has led to a golden crossover between the 50-day and 200-day <a href="https://coinpedia.org/traders/exponential-moving-average-ema/" target="_blank" rel="noreferrer noopener">EMA</a>, gaining momentum. As the uptrend continues, the 100-day and 200-day <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">SMA</a> will likely give a positive crossover.&nbsp;</p>   
<p>Speaking of positive crossovers, the <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" target="_blank" rel="noreferrer noopener">MACD</a> and signal lines have regained a positive alignment with a surge of bullish histograms. Hence, the significant increase in buying pressure has turned the technical indicators positive.&nbsp;</p>   [post_titles_links postid="377888"]   
<h2 class="wp-block-heading" id="h-will-binance-coin-hit-1000">Will Binance Coin Hit $1000?</h2>   
<p>If the uptrend continues above the 78.60% Fibonacci level, the Binance Coin is likely to create a new all-time high above the $724 mark. Based on the retracement tool, the upcoming price targets for Solana are at $798 and $924 at 1.272 and 1.618 Fibonacci levels.&nbsp;</p>   
<p>Amid the increasing bull run chances as the broader market recovers, the Binance Coin is likely to hit the $1000 psychological mark in the upcoming months. On the flip side, a minor retest of the $600 breakout is possible. This will bring a post-retest entry opportunity for price action traders. Meanwhile, the breakout opportunity also awaits at $650.</p>   
<p>To understand the possibility of the BNB token reaching the $1,000 mark, read <em><a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noreferrer noopener">Binance (BNB) Price Prediction</a></em>!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731137741738">
  <strong class="schema-faq-question"><strong>What is the current price of BNB?</strong></strong> 
  <p class="schema-faq-answer">Binance Coin is trading at $633 with a 5.95% intraday gain.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731137753692">
  <strong class="schema-faq-question"><strong>What are the immediate price targets for BNB?</strong></strong> 
  <p class="schema-faq-answer">Next targets are $650, $798, and $924, with a long-term potential of hitting $1,000.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731137754646">
  <strong class="schema-faq-question"><strong>What is the key support level for BNB?</strong></strong> 
  <p class="schema-faq-answer">A crucial support lies at $600, which could act as a post-retest entry point.</p> 
 </div> 
</div>

BNB Price Soars Past $600 as Bulls Target $1,000!

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