BNB Cup-And-Handle Breakout Powers Past $1,050, A Move To $1,100 Next?

BNB has cleared the $1,050 mark with a strong cup-and-handle breakout, putting bulls firmly in the driver’s ￰0￱ next big question: can momentum carry the token toward the $1,100 target? BNB Breaks $1,050, Extending September Momentum Crypto analyst Cipher X, in a recent update, emphasized that BNB has officially broken through the $1,050 mark, locking in yet another key milestone following its impressive September ￰1￱ surge has not only reaffirmed the strong bullish momentum behind the asset but also positioned it as one of the standout performers in the ￰2￱ Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? Looking ahead, Cipher X pointed out that the next major focus lies on the $1,100 resistance zone.

A decisive breakout above this point could pave the way for even greater upside into Q4, strengthening the narrative of BNB entering a new leg of its ￰3￱ market sentiment leaning positive, the price action over the coming days will be crucial in confirming whether the momentum can move forward without major ￰4￱ the flip side, support remains well-established around $1,000 and $900, levels that provide a strong safety cushion for bulls should the market experience a ￰5￱ zones have historically held firm and could act as reliable springboards for fresh upward ￰6￱ now, the balance of power is clearly with the buyers, and unless unexpected volatility disrupts the trend, BNB seems poised to continue pressing higher into the new ￰7￱ and Handle Formation Signals Strength Earlier, market analyst Kamran Asghar highlighted a notable setup forming on the BNB 4-hour chart in a post on ￰8￱ observed that BNB was developing a classic Cup and Handle formation, a technical pattern often associated with bullish continuation and breakout ￰9￱ a setup, when confirmed, tends to signal that the market has been consolidating before building enough momentum to push ￰10￱ Reading: BNB Price Holds Its Uptrend – Key Levels That Could Trigger More Gains Asghar stressed that the key level to watch is the $1,030 neckline resistance, which acts as the ceiling for the token’s upward momentum.

A clean breakout and strong close above this resistance would validate the pattern and likely invite additional buying ￰11￱ the breakout succeed, Asghar projected that BNB could quickly extend toward the $1,100+ region, opening doors for even larger gains if bullish sentiment sustains. However, until that confirmation arrives, he advised caution, noting that any failure to overcome the neckline might trigger short-term pullbacks as the asset consolidates ￰12￱ makes the coming sessions crucial in determining the altcoin’s next directional ￰13￱ image from Adobe Stock, chart from ￰14￱