BNB Eyes $1,000 After Breaking Multi-Year Resistance

BNB breaks a key resistance after forming a double bottom, aiming for $1,000+ based on Fibonacci levels.

Aurelien Sage September 3, 2025 - 10:00 PM

12 1 minute read

BNB price breakout chart showing Fibonacci target near $1,000

Price Analysis

BNB breaks a multi-year resistance from 2021
Double bottom signals bullish reversal
Fibonacci target points to over $1,000

BNB, the native token of Binance, has made a significant technical move. After a long consolidation period, BNB has officially broken out of a multi-year resistance trendline that dates back to 2021. This trendline had previously acted as a ceiling, capping any serious upward momentum. But that has now changed.

What’s fueling the optimism? BNB recently completed a textbook double bottom pattern, often seen as a bullish reversal signal. This pattern typically suggests that sellers have been exhausted, and buyers are gaining strength. With this breakout, BNB appears to be entering a fresh bullish phase.

Fibonacci Target Signals $1,000+

Traders are closely watching the Fibonacci extension levels, particularly the 1.618 level. This golden ratio is often used by technical analysts to forecast future price targets after a breakout. For BNB, this level suggests a potential target of $1,000 or more — a significant jump from its current levels.

This forecast aligns with the long-term uptrend that began in September 2021, which is still intact. Despite various market corrections and volatility, BNB has managed to hold this uptrend, signaling strong underlying demand.

A lot of people are probably underallocated on $BNB.

It has broken a multi-year resistance that started in 2021 – right after forming a double bottom.

The uptrend from September 2021 is still holding strong.

The Fibonacci 1.618 target points to $1,000+.

Are you positioned… pic.twitter.com/Mz17TP3Pft
— Lark Davis (@TheCryptoLark) September 3, 2025

Are You Allocated Well for What’s Coming?

Given this bullish setup, many investors might find themselves underallocated on BNB. As it stands, the technicals are favoring the bulls, and the breakout above the multi-year resistance is a strong signal that more upside could be on the horizon.

However, it’s crucial to remember that no forecast is guaranteed. Market conditions can change rapidly, especially in crypto. Still, for those who believe in technical analysis and BNB’s long-term use case, this could be a prime opportunity to reassess their positions.

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