BNB’s rise has tracked the expansion of the Binance exchange itself, helping the token become one of the largest cryptocurrencies by market capitalization. As the broader market shows signs of recovery, traders and analysts are once again debating how high BNB might climb next.
A TradingView contributor using the handle Melikatrader94 has laid out a bullish trading plan for BNB, arguing that several technical triggers are lining up in favor of a sustained uptrend. The centerpiece of the analyst’s case is a clear double-bottom pattern that formed on BNB’s daily chart — a classic reversal signal that typically marks the transition from a downtrend to renewed buying pressure.
Key technical levels matter here. Melikatrader94 identifies the neckline resistance between $680 and $690, which BNB has already pierced during last week’s rally. That breakout is the first confirmation of the double-bottom setup, but the analyst recommends waiting for a retest of the neckline as confirmation that support has flipped from resistance before increasing long exposure.
Price targets laid out in the analysis are measurable: a confirmed breakout and successful retest would support a move toward $780. If momentum remains strong, the analyst adds, BNB could extend further — with an optimistic scenario taking the token toward $1,000.
Supporting the bullish view is a strengthening RSI: the indicator has been printing higher lows, signaling growing momentum and increased buyer participation even during periods of consolidation. In short, price structure plus improving momentum are the technical building blocks behind the forecast.
As always, technical setups aren’t guarantees. Breakouts can fail and market conditions can change quickly, so risk management — position sizing, stop-loss placement and consideration of broader market drivers — should remain part of any trading plan.
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