Binance BNB Coin Demonstrating Resilience: New All-Time High Approaching
Once more, Binance Token is displaying positive technical signals. The BNB development team is diligently enhancing the chain and is on the verge of launching the Maxwell Hardfork. The testnet is set for May 26th, and the team anticipates improved efficiency for the chain. Furthermore, the introduction of an auto-burn mechanism aims to lower the circulating supply to 100 million coins by 2028. That’s enough about the fundamentals.
What a solid chart!
After over a year of re-accumulating near the all-time high
$BNB is poised to surge higher into uncharted price territory
— Alex Clay (@cryptclay) May 21, 2025
Examining the chart posted by Alex Clay, we observe he has noted a breakout from the previous all-time high and interprets the recent price movements as re-accumulation. Please refer back to the previous article here to grasp the context of my illustrations.
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Binance Token Appearing Strong on the Charts: Technical Analysis
(BNBUSD)
Starting this analysis with the weekly chart, BNB is breaking upwards from a diamond(ish) formation. Such diamond patterns are frequently referred to as Diamond Tops, though a definitive price breakout is the true indicator of price direction. Nevertheless, it’s essential to recognize that this is a somewhat uncommon pattern, making its reliability lower compared to rectangles, for instance.
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(BNBUSD)
Shifting to the Daily timeframe, it’s evident that the price has bounced cleanly off the bottom trendline three times and has now breached the upper trendline. BNB has broken the bearish consisting of lower highs and lower lows. This means the crypto market structure has shifted, establishing a higher high and a higher low. The reclaim and retest of the MA200 adds some percentage for a optimistic continuation here.
If I were to open a long position at this point, I would set my stop-loss just below the MA200 level, around $630.
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(BNBUSD)
Concluding our analysis with a 4H timeframe chart, we observe that a new phase of robust upward momentum has commenced. Binance Crypto token has been thriving alongside BTC over recent weeks, and should Bitcoin reach a new ATH, there’s a possibility that BNB will follow suit with $940-950 as the next potential target. Stay safe out there!
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Binance BNB Token Demonstrating Strength: New ATH Predicted
- BNB price remains below the previous price ceiling
- RSI shows optimistic divergence on the 1D chart
- Diamond pattern breaking upwards observed on the weekly timeframe with RSI gaining strength
- Imminent price breakout towards a new ATH possibly targeting $950.
The article Binance BNB Token Demonstrating Strength: New ATH Predicted first appeared on 99Bitcoins.
