BNB Price Uptrend Gains Momentum Despite The Slight Correction
The BNB price shows a strong continuation of bullish momentum, with the market steadily climbing above key technical levels.
Over the past few months, the Binance Coin on the daily chart has formed an Elliott Wave pattern, now appearing to be in the midst of its fifth impulsive wave.
After consolidating earlier in the year, the price of BNB broke out of a long period of sideways movement in June and entered a sustained uptrend. Each corrective pullback since then has respected key Fibonacci retracement levels, indicating that buyers remain firmly in control of the market direction.
Currently, BNB is trading around $1,009, holding above both the 50‑day and 200‑day Simple Moving Averages (SMAs).
Binance Coin price also appears to be moving within a rising channel, with each higher high and higher low reinforcing the ongoing trend.
The Fibonacci retracement levels further support the structure, with the 0.382 level at $912 acting as a notable support zone. From a chart pattern perspective, the continuation of impulsive waves points toward a sustained climb unless sellers force a reversal at major resistance levels.
Binance Coin Indicators Signal Room For Growth Despite Resistance
Examining the major indicators, the Relative Strength Index (RSI) currently stands at 59, positioning the Binance Coin in a neutral‑to‑bullish zone. Importantly, the RSI is not yet overbought, leaving room for additional upward movement before momentum risks becoming overheated.
Looking forward, the Elliott Wave count projects that the current fifth wave could target the $1,080 level, with potential extensions reaching as high as $1,352, which aligns with the ‑0.618 Fibonacci extension.
If momentum continues and volume supports the breakout, BNB could rally 33 % from the current level. However, a failure to hold above the $912–$976 support band may trigger a deeper pullback toward the $860–$808 region.
Altcoin Sherpa on X asserts that the Binance Coin “has been the strongest major to recover so far from the recent crypto dump,” adding that another rally later in the year is possible.
$BNB has been the strongest major to recover so far from the dump. I think this one goes higher later on pic.twitter.com/7uHuf0YeVT
— Altcoin Sherpa (September 29, 2025)
Analyst Ali Martinez also affirmed that the BNB token “still has many legs up.”
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