BNB price approaches the $1,570 Fibonacci resistance amid ongoing price discovery

BNB price continues its explosive rally beyond the $1,000 mark, entering a new phase of price discovery after breaching a multi-year range. The bullish momentum shows no signs of exhaustion, with Fibonacci extension targets now pointing toward $1,570. Binance (BNB)…

BNB price continues its explosive rally beyond the $1,000 mark, entering a new phase of price discovery after breaching a multi-year range. The bullish momentum shows no signs of exhaustion, with Fibonacci extension targets now pointing toward $1,570.

Binance (BNB) price action has entered uncharted territory after decisively breaking above the $700 resistance, a key level that had capped price since its previous cycle high. The move marks the start of a strong price discovery phase, supported by expanding volume, bullish market sentiment, and sustained momentum across multiple timeframes.

The current rally is unfolding with technical precision, aligning with Fibonacci extension targets and psychological milestones that continue to reinforce bullish confidence in the market. BNB continues its upward climb amid booming network growth, adding further confirmation to the broader bullish sentiment reflected across major assets.

BNB price key technical points

• Major Breakout Confirmed: BNB has breached a multi-year resistance at $700, entering a clear price discovery phase.
• Fibonacci Alignment: The 0.618 Fibonacci extension at $1,000 has been successfully reclaimed with strong daily candle closes.
• Next Extension Target: The next high-timeframe Fibonacci extension sits near $1,570, which now acts as the immediate technical target for bulls.

The current structure of BNB’s price action is distinctly bullish. The psychological $1,000 level, which coincides with the 0.618 Fibonacci extension, acted as both a technical and emotional milestone for market participants. Once price closed decisively above it with a bullish engulfing candle, the trend confirmed clear acceptance above the four-digit threshold, a psychological turning point for both traders and investors.

From a volume perspective, trading activity has steadily increased throughout this rally. The expanding participation reinforces the legitimacy of the move and reduces the likelihood of a short-term exhaustion event. The higher-timeframe structure supports this interpretation, with consecutive higher highs and higher lows forming a healthy bullish market structure.

Moreover, the recent breakout invalidated the long-standing consolidation zone that had previously limited BNB’s upside potential. With this range now broken, price discovery becomes the defining characteristic of the current phase.

The next major Fibonacci extension lies at approximately $1,570, aligning with historical extension ratios from previous cycles. This target could serve as both a magnet for price and a potential reaction zone where consolidation may occur before further continuation.

What to expect in the coming price action:

BNB remains firmly bullish on both the short- and long-term charts. As long as price holds above the $1,000 Fibonacci extension support, the probability favors continued movement toward $1,570 and potentially beyond.

Overall, the technical landscape suggests that BNB’s uptrend is far from over, and the market may be preparing for a sustained leg higher into uncharted territory.