BNB Cup-And-Handle Breakout Powers Past $1,050, A Move To $1,100 Next?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. BNB has cleared the $1,050 mark with a strong cup-and-handle breakout, putting bulls firmly in the driver’s seat. The next big question: can momentumcarry the token toward the $1,100 target? BNB Breaks $1,050, Extending September Momentum

Crypto analyst Cipher X, in a recent update, emphasized that BNB has officially broken through the $1,050 mark, locking in yet another key milestone following its impressive September rally. The surge has not only reaffirmed the strong bullish momentum behind the asset but also positioned it as one of the standout performers in the market. Related Reading BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? 2 days ago

Looking ahead, Cipher X pointed out that the next major focus lies on the $1,100 resistance zone. A decisive breakoutabove this point could pave the way for even greater upside into Q4, strengthening the narrative of BNB entering a new leg of its rally. With market sentiment leaning positive, the price action over the coming days will be crucial in confirming whether the momentum can move forward without major setbacks. BNB targets higher new heights | Source:Chart from Cipher X on X

On the flip side, supportremains well-established around $1,000 and $900, levels that provide a strong safety cushion for bullsshould the market experience a pullback. These zones have historically held firm and could act as reliable springboards for fresh upward moves. For now, the balance of power is clearly with the buyers, and unless unexpected volatility disrupts the trend, BNB seems poised to continue pressing higher into the new quarter. Cup and Handle Formation Signals Strength

Earlier, market analyst Kamran Asghar highlighted a notable setup forming on the BNB 4-hour chart in a poston X. He observed that BNB was developing a classic Cup and Handle formation, a technical pattern often associated with bullish continuation and breakout potential. Such a setup, when confirmed, tends to signal that the market has been consolidating before building enough momentum to push higher. Related Reading BNB Price Holds Its Uptrend – Key Levels That Could Trigger More Gains 2 weeks ago

Asghar stressed that the key level to watch is the $1,030 neckline resistance, which acts as the ceiling for the token’s upward momentum. A clean breakout and strong close above this resistancewould validate the pattern and likely invite additional buying pressure. Should the breakout succeed, Asghar projected that BNB could quickly extend toward the $1,100+ region, opening doors for even larger gains if bullishsentiment sustains. 

However, until that confirmation arrives, he advised caution, noting that any failure to overcome the neckline might trigger short-term pullbacks as the asset consolidates further. This makes the coming sessions crucial in determining the altcoin’s next directional move. BNB trading at $1,103 on the 1D chart | Source: BNBUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com