Binance Coin (BNB) eyes $1,000 following rally to $780

Binance Coin (BNB) recently rallied to $780, surpassing its May high of $745. This movement follows a steady upward trend that began in late July and resulted in significant short liquidations.

Technical indicators across multiple timeframes suggest a bullish long-term outlook, provided Bitcoin does not experience a major sell-off. Key support levels are identified at $700 and $670, with the $745 level marking a significant structural shift. On the daily chart, indicators such as the CMF, OBV, and RSI remain in bullish territory.

Future price targets on the weekly chart are estimated between $950 and $960, with $1,000 serving as a major psychological resistance level. Short-term analysis shows a bullish structure on the 4-hour chart, though a breakdown below $697 could signal trouble for buyers.