- BNB targets $1,180-$1,580 in the current cycle, per technical analysis.
- Strong support lies between $402.3 and $576.4, bolstering bullish momentum.
- Resistance near $1,580 could test the upper limit of this rally.
BNB Targets Ambitious $1,180–$1,580 Range
As the cryptocurrency market continues to evolve, Binance Coin (BNB) is making headlines with its impressive performance. According to a recent analysis by More Crypto Online on X, BNB has reached a critical target zone in its current cycle, with the price potentially climbing to an ambitious range of $1,180-$1,580. This prediction, shared on September 13, 2025, is based on a detailed weekly chart that highlights key technical levels and historical patterns.
Elliott Wave Structure Signals Extension
The chart reveals a bullish Elliott Wave structure, with the price currently in Wave (iii) following a strong upward move from Wave (i). The analysis suggests a potential extension to $1,579.8 (100% Fibonacci extension) or even $1,179.7 (61.8% extension), indicating robust momentum. A significant support zone is identified between $402.3 and $576.4, providing a safety net for traders. The long-term outlook remains optimistic, with the price action suggesting room for further growth before a major correction.
Market Sentiment Reflects Profit Optimism
This bullish sentiment is echoed by community reactions on X, where traders express excitement about potential profits, with some calculating gains of up to 790% if the upper target is hit. However, caution is advised as BNB enters uncharted territory, with resistance likely near the $1,580 mark. Investors are encouraged to monitor volume and broader market trends to confirm the breakout.
Strong Fundamentals Support Growth
As Binance continues to expand its ecosystem, including DeFi and transaction enhancements, BNB’s fundamentals remain strong. This analysis serves as a valuable guide for traders looking to capitalize on the current cycle, though risk management will be key in these unprecedented price levels.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
