Analysts Highlight Growing Accumulation and Bullish Signals for Binance Coin
Binance Coin (BNB) is showing signs of renewed investor confidence, marked by growing accumulation, increased trading volume, and historical bullish patterns. If buyers sustain momentum above the $1,000 level, the asset could target the $1,160 resistance, reinforcing its medium-term bullish outlook.
Resistance Builds Around $1,090 as Buyers Test Upper Levels
BNB has gained renewed momentum after rebounding from the $900 region. Analyst CW observed that the next major sell wall lies near $1,090, a level that has repeatedly halted previous rallies. CW’s analysis highlights multiple supply zones between $1,040 and $1,160, where sellers continue to exert pressure on the market.
The consolidation near $1,000 signals that bulls are regaining control, though stronger volume is needed to sustain further upside movement. A decisive close above $1,090 could pave the way for a climb toward $1,160, a resistance zone that previously triggered sharp rejections in October. However, if momentum falls below $1,000, the lower support levels at $880 and $840 may reemerge.
Seascape Network References Historical Patterns of Binance Recovery
Seascape Network shared a light-hearted observation regarding its recurring timing with Binance Coin accumulation. The account humorously noted that the market tends to turn red whenever it adds the token to its portfolio. This reference pointed to two earlier periods, in 2019 and 2021, when similar declines occurred immediately after purchases but eventually evolved into long-term price growth phases.
With BNB currently trading near $967 at the time of Seascape’s post, the account questioned whether history might repeat itself. The tweet caption, “Should Seascape buy here?” captured the broader market sentiment around potential accumulation zones forming once again in the sub-$1,000 region.
Market Recovery Above $1,000 Signals Renewed Confidence
Following its rebound, BNB’s price climbed back above the $1,000 mark, recording a 3.08% increase over the past 24 hours. Trading data showed consistent upward movement throughout the session, recovering from an earlier dip between $920 and $940.
Daily trading volume surpassed $2.6 billion, suggesting increased investor participation and renewed buying pressure. This volume reinforces Binance Coin’s position as the fifth-largest cryptocurrency by value. The steady increase in both trading volume and price performance reflects growing confidence among traders.
The next resistance level is expected near $1,050, while the nearest short-term support remains at $960—levels that could determine Binance’s next directional move in the market.
Focus Shifts Toward Breakout Confirmation and Trend Continuation
Analysts tracking BNB’s performance note that sustained trading above the $1,000 threshold could confirm a short-term breakout structure. Such a move would signal that market participants are positioning for a continuation toward the higher resistance range of $1,090 to $1,160.
Maintaining higher lows on intraday charts adds further evidence of buyer strength consolidating at the current level. If buying volume continues to rise, BNB may attempt a retest of the upper range at $1,160, marking a return to the price area where the last notable rejection occurred.
Conversely, failure to maintain stability above $1,000 could result in renewed testing of lower supports at $880 and $840.
For now, market attention remains centered on whether Binance Coin can establish a firm footing above the four-digit mark and confirm a breakout trajectory toward the $1,160 zone.
https://bitcoinethereumnews.com/crypto/binance-coin-price-rebounds-from-900-low-eyes-breakout-toward-1160-zone/
