Binance Coin (BNB) has surged past key technical levels, confirming a breakout that has traders and investors closely monitoring the token’s next potential moves.
The price action reflects a combination of regulatory progress, technical momentum, and growing institutional interest in Binance Coin.
BNB coin price breakout
BNB price has broken out of a multi-month falling wedge and, after retesting the upper boundary of the wedge on December 1, bounced decisively, confirming the breakout.
This bullish movement has been reinforced by the formation of a textbook Cup & Handle pattern identified by Token Talk on the 4-hour chart, signalling potential upward continuation toward $1,020 if the resistance “Red Zone” is cleared.
$BNB painting a textbook Cup & Handle pattern on the 4H.
The path to $1,020 is clear. Break that Red Zone for confirmation and a major run.
On the daily chart, the price has reclaimed the $900 level after bouncing from the 50-day SMA at $884, with the MACD histogram flipping positive for the first time since late November, further validating the strength of the breakout.
Trading activity also supports the rally, with 24-hour spot volume surging by 43% to $1.97 billion, highlighting that investors are actively participating in this upward movement.
Futures markets also reflect increased bullish sentiment, with the open interest rising by 1.5% to $1.4 billion following recent regulatory developments.
Why is the price of BNB crypto rising?
Several fundamental factors are driving the current surge in BNB’s price.
A major catalyst was Binance securing full licensing from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) on December 8, covering spot, derivatives trading, and custody services effective January 2026.
This is a BIG DEAL! (I almost never use CAPS 😆)
#Binance, the first to secure Global Licenses under ADGM
🔶Three licenses:
🔸exchange
🔸clearing house
🔸broker-dealer
🔶Global operations
🔶Full business coverage
🔶Top tier regulator
Onwards!
This licensing positions Binance as the first global crypto platform with a comprehensive license in the region, creating institutional gateways and fueling confidence in the market.
In addition to regulatory support, speculation around a VanEck Nasdaq spot BNB ETF has added momentum.
Unlike Bitcoin futures ETFs, the proposed fund would hold BNB directly, presenting a structural bullish catalyst.
While SEC approval remains uncertain due to the token’s prior legal history in the United States, the filing itself signals growing institutional interest.
Abu Dhabi’s treasury plans, which involve allocating $1.25 billion toward BNB holdings, further reinforce the narrative of institutional confidence driving the token’s demand.
Binance Coin price forecast: the key levels to watch
Looking ahead, several price levels will be crucial for BNB’s trajectory.
The immediate support to watch is $899.94; maintaining above this level is essential to sustain bullish momentum.
If the token holds above $905 and eventually breaks past $933.01, analysts foresee a possibility of rising to the target, the next resistance at $1,054, with a more ambitious move toward $1,079 on the horizon.
The Cup & Handle pattern on shorter timeframes points to $1,020 as a near-term target if the resistance “Red Zone” is breached, aligning with Fibonacci projections and the recent swing highs.
On the downside, a failure to hold $899.94 could expose BNB to a decline toward $859.50, marking the next major support area.
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