BNB is preparing to update ATH at $ 1150

BNB BNB $640.28 BNB 0.34% Market capitalization $86.3 billion VOL. 24 hours $69.17 million recorded a new all-time high of $ 995, exceeding the growth rates of Bitcoin BTC $76,783.11 Mezo Wrapped BTC -0.09% Market capitalization $75.55 million VOL. 24 hours $1.27 billion and Ethereum ETH $2,115.12 Bridged Ether (StarkGate) -0.16% Market capitalization $37.6 million VOL. 24 hours $0.73 billion . After forming a base above $ 900, the token confidently overcame the $ 940 and $ 950 marks, and also broke through the key resistance level of $ 980. The price is currently consolidating, holding above $ 980 and the 100-hour simple moving average.

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The chart of the BNB/USD pair shows an upward trend line with support at $ 960. The nearest resistance is located at $ 995, and the key psychological barrier is at $ 1,000. In the event of a confident breakout of this zone, the price could test the $ 1,050 level, and further movement could open the way to $ 1,120 and even $ 1,150.

If it fails to break through $ 995, a pullback is possible. The initial support is at $ 980, then $ 970, which coincides with the 50% Fibonacci level of the $ 948-$ 995 movement. The main support zone is $ 960. Its breakout could lead to a decline to $ 940, and in the event of further sales, to $ 920.

Technical indicators remain positive: The MACD for BNB/USD is gaining momentum in the bullish zone, and the RSI is above 50, indicating that buyers are in the driver’s seat.

Key support levels: $ 970 and $ 960. The main resistance levels are $ 995 and $ 1,000.