BNB price outlook turns bullish | Credit: Hameem Sarwar
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Key Takeaways
BNB bounced after back-to-back listings on Coinbase and Robinhood boosted liquidity.
RSI flipped positive as the price broke out of a falling wedge, signaling rising strength.
BNB might reach a new high, though failure to hold support risks a drop below $900.
On Oct. 22, BNB’s price chart was cracking, showing signs of declining below the crucial $1,000 support.
But back-to-back listings on Robinhood and Coinbase changed the narrative.
As of this writing, the coin has inched closer to $1,200, with indicators showing that it could climb higher.
Here is a rundown of how it happened, and what lies ahead for BNB’s price.
Double Listing, Double Lifeline
Earlier, BNB’s price hit lower and higher lows on the 4-hour chart, forming a falling wedge amid weak momentum.
This weakness suggested that the coin might find it challenging to breach the upper resistance line.
The breakthrough came as BNB’s price refrained from falling below $1,058, eventually breaking above the upper trendline.
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According to CCN’s findings, the Coinbase and Robinhood listings played a massive part in the cryptocurrency’s recovery.
Initially, Coinbase announced the listing.
The news came just weeks after Binance co-founder Changpeng Zhao (CZ) publicly criticized Coinbase for not supporting BNB despite Binance’s backing of assets built on Base, Coinbase’s own Layer-2 network.
“Coinbase will add support for BNB (BNB) on the BNB Smart Chain network,” Coinbase disclosed.
About one hour later, Robinhood followed suit, announcing that the coin was now available for trading on its platform.
The back-to-back listings amplified visibility and likely boosted short-term liquidity.
Looking at the BNB price chart again, the Relative Strength Index (RSI) has risen above the neutral line. This rise indicates that the momentum around BNB has turned bullish.
Therefore, if this trend continues, the market value might bounce toward the resistance at $1,111. Once that happens, the next area of interest to test will be around $1,189.
BNB Price Analysis: ATH Coming
On the daily chart, BNB’s price initially formed a double-top pattern, a bearish setup that signals the start of a correction.
This structure suggested that the drop below $1,000 was inevitable as selling pressure intensified.
However, upon closer examination, BNB showed notable resilience, holding firmly above its key support line.
This defense indicates buyers are still active at lower levels, preventing a more profound decline.
Moreover, the Holder Sentiment Index has remained positive, suggesting that long-term investors maintain confidence in the asset.
This steady sentiment could help stabilize BNB’s price and potentially set the stage for a gradual recovery.
BNB’s price might breach the resistance at $1,211 if the trend remains unchanged. If successful, the next level for the crypto could reach around $1,377, representing a new all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
