BNB Price Eyes Breakout With $900 Target Amid These Bullish Indicators

The technical support of the bullish thesis had previously been tested at 600 and held, thus representing the resistance. Any further push above $677 was likely to attract even more capital and possibly trigger a second leg of the higher trend.

Binance Coin Price VCP Formation Confirmed

Analyst LAXMAN identified a Volatility Contraction Pattern (VCP) on the weekly BNB price chart. The VCP structure featured compressing highs and rising lows, with declining volume suggesting that selling pressure had decreased over time. LAXMAN said that this was a sign that supply was taken up and price was about to grow.

He named the breakout trigger price at $677, where there were two key targets at $759 and $859, and a stop-loss was recommended at a price close to $648. The candles of the week depicted that there was less volatility and shrunken price ranges, which precedes an expansion once a trigger has been breached.

LAXMAN noted that weekly VCP formations typically did not favor short-term trades, but were instead ideal for identifying macro breakouts. A confirmed break above a key resistance level around $677, he insisted, will pave the way to a rally to the new highs.

BNB Chain Expanded to 30% of DEX Volume Share in 2025

On the fundamental side, BNB Chain significantly expanded its presence in the decentralized finance space. According to data shared by 100X Crypto Gems, the BNB Chains market share of daily DEX volume rose from around 5% in January to 30% by the end of June.

This sharp increase positioned BNB Chain as one of the three leading blockchains for on-chain trading, alongside Ethereum and Solana. The growing developer and user activity provided a strong foundation for the bullish narrative surrounding BNB price.

The technical outlook was supported by the expanded market share, which provided long-term support to the proposed price targets. Analyst expectations of upside continuation were further supported by the correlation of technical strength with enhanced utility.

Analyst Set Conservative Targets

Additionally, Analyst Rose at Premium Signals was a bit more cautious in her scenario but confirmed that the bullish pattern was still valid. She identified two targets at $775 and $879, contingent on BNB price maintaining its support above $600.

Her chart showed BNB coin price moving steadily within an ascending pattern, building higher lows while approaching key resistance zones. She observed that when the support was maintained, the chart showed strength. Rose recommended caution but said the setup had validity in a breakout.