BNB Weekly Breakout: Road to $1,000?

BNB is showing strong bullish momentum on the weekly chart. The 50 EMA is acting as a dynamic support, holding firm during multiple retests and providing a solid foundation for upward movement.

Recently, price action has broken above a key descending resistance line and successfully reclaimed a major support-resistance zone, turning it into a strong base. This area, which previously acted as a battleground for bulls and bears, is now supporting the current rally.

As long as BNB continues to hold above this zone and the 50 EMA, the structure remains bullish. With sustained momentum, a retest of the all-time high zone around $793 is likely, and a breakout above it could open the door for a move toward $1,000 and beyond.

DYOR, NFA