Driven by the inverted head and shoulders breakout and golden cross, BNB's price has reached an all-time high, with analysts expecting its price to exceed $1,000.



Binance Coin (BNB) surged to an all-time high of $775, gaining significant bullish momentum. The rapid rise in cryptocurrency prices occurred after the breakout of key technical patterns and the formation of a golden cross, both indicating further upside potential.

With increasing investor optimism and a surge in trading activity, analysts are now focusing on a potential rebound, predicting that BNB's price could climb to $1,000 in the coming weeks.

BNB's price has soared to a new high

The recent rise in BNB's price to a new all-time high is largely attributed to the breakout of a head and shoulders pattern, a bullish reversal chart pattern. This pattern typically signifies the end of a downtrend, confirmed when BNB breaks through the resistance zone of $680-$700.





This breakout indicates that the bearish trend suppressing BNB's price has now ended, and the market is shifting to a bullish sentiment.






Following the breakout of the inverted head and shoulders pattern, the expected target price is $780, with the next key resistance around $800. However, some analysts believe that BNB's upward momentum may extend further.

Cryptocurrency analyst @ali_charts' Ali predicts that if the weekly close remains above $662, BNB could rise to $1,630. This prediction has attracted traders' interest as they closely monitor BNB's price performance to assess whether it can maintain its current momentum and reach these higher targets.

The golden cross signal enhances the upward trend, rising to $1000?

On the BNB/USD chart, the 50-day simple moving average (SMA) has crossed above the 200-day SMA, indicating further positive price momentum and forming a golden cross on the chart. This golden cross suggests that BNB is likely to continue rising in both the short and long term.

The current trading price of the 50-day moving average is above the 200-day moving average, which supports the view that BNB is still in the early stages of a long-term bullish trend. A golden cross usually precedes a significant price increase and is a way for many traders to establish long positions. Therefore, market confidence has strengthened that BNB will continue to rise to $1000 in the near future.





If bears regain dominance, the previously resistant $680-$700 range is now expected to provide support. This level aligns with the neckline of the inverted head and shoulders pattern, so any pullback to this area is likely to be seen as a buying opportunity.

BNB's first resistance level is at $780. If this level is broken, the next major resistance will be around $800. A breakout above $800 will open the door for more targets, including Ali's predicted $1,630.

Increased trading activity supports bullish momentum

BNB's price surge is also attributed to a significant increase in derivatives data trading volume and open interest. Trading volume grew by 125.30%, reaching $4.42 billion, while open interest increased by 33.78%, currently totaling $1.46 billion.

The rise in trading volume and open interest strongly indicates that more traders are entering the market, reflecting growing confidence in BNB's future performance.




The increase in open interest indicates that traders are going long, expecting prices to continue rising. The heightened market participation further supports the view that BNB may rise further, potentially pushing prices towards Ali's ambitious target of $1,630.

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