BNB Weekly Chart is Catching Attention After Market Analyst UniChartz Noted

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The BNB weekly chart is catching attention as analyst UniChartz noted that the cryptocurrency is displaying strong upward momentum.

This is supported by the crucial technical 50-week Exponential Moving Average (EMA), which has been tested multiple times but continues to act as solid, dynamic support, preventing deeper pullbacks and maintaining the structure of the current uptrend.

In a recent post on X, analyst UniChartz highlighted a critical development in BNB’s recent price action.

The asset has broken above a long-standing descending resistance line, a move that signals a possible shift in overall market structure. This breakout is a bullish signal in itself.

But what makes it even more interesting is that BNB has also reclaimed a major support-resistance zone, which is now acting as a firm base for the ongoing rally.

“This zone was previously a hotly contested battleground between buyers and sellers, but now it seems like we're getting good bounces off of it.”

This transition from resistance to support at higher highs reflects the growing bullish conviction and suggests that market participants are more willing to accumulate at higher levels, rather than sell into strength.

The trendline breakout and the support zone add strong technical confirmation to the upward case for BNB. Both of these zones are crucial for keeping the upside momentum intact.

As long as the price holds above this level, the path appears clearer for further upside, with bulls potentially targeting higher resistance zones in the coming weeks.

Concluding his analysis, analyst UniChartz expressed a confident outlook on BNB’s trajectory, noting that the technical structure remains decisively bullish.

“Structure still looking nice and high for BNB. As long as we are closing above this fib level and the 50-week EMA, it appears that the bull market is still in progress.”

Should BNB maintain its footing above these areas, UniChartz believes the next major objective will be a retest of the all-time high region near $793.

This level marks a significant psychological and technical barrier, and a successful challenge could serve as a strong catalyst for the asset.

If bulls manage to break and close above this target with volume, it may open the door for an extended rally, propelling BNB toward the $1,000 milestone and beyond.

Such a move would reaffirm the strength of the current trend and solidify BNB’s status as one of the top-performing assets in the crypto space.

However, continued bullish momentum, healthy market conditions, and supportive volume patterns will be key factors in determining whether BNB can sustain this upward trajectory and push into a price discovery phase.