Binance Coin is gaining upward traction, with current technical setups hinting at a push toward the $800 threshold in the near term. A breakout through the Ichimoku Cloud, combined with momentum-driven MACD signals, suggests bulls are tightening their grip.

Technical Structure Supports the Upside

BNB’s daily candlestick formation confirms a clean move above the Ichimoku Cloud—a classic bullish breakout. The Leading Spans remain green, and the crossover between the Tenkan-sen and Kijun-sen lines reinforces upward pressure across timeframes. Supporting this structure, the Chikou Span has cleared recent price history, underscoring conviction.

Simultaneously, the MACD has made a bullish crossover, with its histogram expanding in the positive zone. This alignment of momentum signals points to growing trend strength.

The price has moved above consolidation zones ranging from $660 to $700. These regions often act as springboards, and breaking $700 could flip that level into support while aiming for the psychological barrier at $800.

Altcoin Season or Isolated Rally?

The upward push has sparked speculation about a potential altcoin season kickoff. However, Bitcoin dominance remains high, and Ethereum’s momentum has yet to catch up. While BNB might be leading the charge, a broader rotation is not confirmed.

Whether this breakout becomes a sector-wide trend or a localized surge, the structure remains firmly in bullish territory, keeping Binance Coin firmly in focus.

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