BNB Breaks Resistance, Aims for $1,100 with Momentum

Binance Coin (BNB) has surged beyond its long-held resistance levels, breaking through the $700 mark and entering a new era of market dominance. Traders are calling this move “blue sky territory” due to the absence of any historical resistance on its chart. This breakout was confirmed on the monthly timeframe, with multiple daily candles shifting $700 from an old ceiling into fresh support. The technical setup now points towards a potential target of $1,100, fueled by a major Fibonacci extension.