BNB Breaks Through Resistance, Targets $1,000+ in Bullish Breakout

Binance Coin (BNB), the native token of Binance, has experienced a significant breakthrough after years of consolidation. Breaking out above a long-standing resistance dating back to 2021, BNB reveals a bullish reversal signal. The technical move follows a textbook double bottom pattern, indicating exhausted sellers and emerging buyer strength. This breakout is accompanied by Fibonacci target points suggesting potential price targets of $1,000 or more.