BNB Clears Multi-Year Trendline With $1,200 Projection in Focus

The price has moved above a resistance trendline that capped growth since 2021, confirming a monthly breakout.

BNB is trading at $798.01, nearing the $801.83 resistance, after reaching a monthly high of $804.70.

The breakout pattern suggests a technical projection toward $1,200, based on the full range of the prior consolidation.

BNB has confirmed a breakout on its monthly chart, surpassing a long-standing diagonal resistance that capped previous highs. As of July 23, 2025, the price stands at $798.01 after gaining 6.2% in the past 24 hours. This upward move places BNB just below the $801.83 resistance while holding above support at $750.06. The breakout follows a multi-year consolidation structure marked by repeated highs near the same trendline. A measured move projects a potential upside toward the $1,200 mark, based on the current pattern.

Breakout Structure Confirms Technical Shift

The chart outlines a structure that has developed since 2021, defined by three distinct peaks and two retracement troughs. A consistent diagonal trendline held price rejections for nearly three years. However, the current monthly candle has closed above this trendline with a clean breakout.

Over the course of the month price dropped to the low of $645.71 to a high of $804.70. This movement reflects strength across multiple timeframes. Each previous attempt to break the diagonal failed, which adds significance to the current close above it. The breakout also follows a reversal structure built over several quarters.

Current Levels and Volatility Range

BNB's 24-hour range stretched between $750.06 and $801.83. The current market price sits at $798.01, nearing the upper boundary. The chart confirms a steep upward candle from this zone. In comparison to BTC, BNB has risen by 5.2% and currently trades at 0.006724 BTC. This positioning reinforces this short-term outlook since price is above the breakout point. Meanwhile, the resistance zone at $801.83 could act as a reaction level if price revisits it.

Monthly Projection Points to Higher Levels

A projection from the monthly breakout structure outlines a potential target near $1,200. This is derived from the height of the consolidation applied to the breakout zone. The long-term structure supports a steep continuation, provided the breakout level holds.

Volume and candlestick size both reflect strong interest as price enters the next chart phase. The pattern development now transitions into an expansion phase as the breakout completes.