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BNB weekly chart is catching attention after market analyst UniChartz noted that the cryptocurrency exhibits strong upward momentum, supported by the crucial technical 50-week Exponential Moving Average (EMA). This moving average has been tested multiple times, but continues to act as solid, dynamic support, preventing deeper pullbacks and maintaining the structure of the current uptrend.
Support Flips Bullish: Former Resistance Now Fuels Rally
In the post on X, UniChartz emphasized a critical development in BNB’s recent price action. He pointed out that the asset has broken above a long-standing descending resistance line, a move that signals a possible shift in overall market structure. This breakout is a bullish signal on its own, but what makes it even more compelling is that BNB has also reclaimed a major support-resistance zone.
According to UniChartz, this reclaimed zone, once a hotly contested battleground between buyers and sellers, has now transformed into a solid base for the ongoing rally. This transition from resistance to support reflects growing bullish conviction and suggests that market participants are more willing to accumulate at higher levels, rather than sell into strength.
The descending trendline breakout and the firm support zone add strong technical confirmation to the upward case for BNB. UniChartz highlighted that these two zones are now acting as crucial pillars for the current uptrend and must hold to keep upside momentum intact. As long as the price holds above this reclaimed level, the path appears clearer for further upside, with bulls potentially targeting higher resistance zones in the coming weeks.
BNB Bullish Structure Intact
Delivering his final verdict, analyst UniChartz expressed a confident outlook on BNB’s trajectory, noting that the technical structure remains decisively bullish. Should BNB maintain its footing above these areas, UniChartz believes the next major objective will be a retest of the all-time high region near $793.
This level marks a significant psychological and technical barrier, and a successful challenge could serve as a strong catalyst for the asset. If bulls manage to break and close above this target with volume, it may open the door for an extended rally, propelling BNB toward the $1,000 milestone and beyond.
Such a move would reaffirm the strength of the current trend and solidify BNB’s status as one of the top-performing assets in the crypto space. However, continued bullish momentum, healthy market conditions, and supportive volume patterns will be key factors in determining whether BNB can sustain this upward trajectory and push into a price discovery phase.
Featured image from Adobe Stock, chart from Tradingview.com
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