Binance Coin (BNB) is nearing a major technical breakout, with price action coiling tightly above $650 and analysts forecasting potential moves toward $900. Backed by a strong ascending channel, a confirmed Volatility Contraction Pattern (VCP), and rising DEX market share, BNB appears well-positioned for a macro-level rally.

$600 Support Holds Firm as Price Eyes $677 Breakout

BNB has held the $600 level through multiple retests, reinforcing it as a key support. The current structure, characterized by lower highs and rising lows, forms a classic bullish tightening range. Analysts like Marcus Corvinus highlight this “quiet buildup” as strategic, projecting targets of $700, $800, and $900.

Technical momentum is building below $663, with $677 pinpointed as the breakout trigger. Once breached, analysts expect increased capital inflows to support a second leg upward within the established ascending channel.

Weekly VCP Signals Imminent Expansion

Analyst LAXMAN identified a VCP on BNB’s weekly chart, featuring compressing price ranges and falling volume—signs of reduced selling pressure and accumulation. This pattern often precedes large breakouts. LAXMAN sets target zones at $759 and $859, with a stop-loss near $648, reinforcing a calculated risk setup.

He emphasizes that such weekly patterns aren’t ideal for short-term trades but signal macro breakouts when confirmed. A break above $677 would validate the structure and likely fuel sustained upside momentum.

Fundamentals Support Bullish Narrative

Beyond the chart, BNB’s fundamentals are strengthening. BNB Chain has grown from 5% to 30% of daily DEX market share in 2025, making it a top-3 blockchain alongside Ethereum and Solana. This surge in user and developer activity adds weight to bullish price expectations, giving BNB not only technical but utility-based support.

Rose Premium Signals adds a conservative perspective, projecting $775 and $879 if $600 support holds. Her analysis supports the bullish trend while advising caution on near-term resistance.

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