BNB Price Forecast: Can the Breakout Above $1,000 Lead to 50% Rally?

BNB (BNB) has reached a new milestone, briefly touching the $1,000 mark for the first time ever. The move extends a multi-year uptrend, but the question now is whether this breakout can sustain momentum, or if the rally is running too hot.

A 50% BNB Price Rally May Happen Soon

BNB has been trending inside an ascending parallel channel since March 2023. The latest surge has pushed the token toward the 1.618 Fibonacci retracement line near $1,011, which is now a significant resistance.

Historically, Fib extensions often define critical inflection points for price action.

A decisive close above this level could clear the path for a rally toward the channel’s upper trendline. This upside target aligns with the 2.618 Fib line near $1,500, suggesting BNB could gain another 50% from current levels if momentum holds.

BNB Cup-and-Handle Breakout Points Higher

Adding strength to the bullish case is BNB’s breakout from a classic cup-and-handle pattern that has formed since its 2021 peak. On the weekly chart, the token has completed a rounded bottom structure and is now pushing above the neckline resistance around $684.

The textbook target for such a breakout is calculated by measuring the depth of the cup and adding it to the neckline level.

That projects an upside objective near $1,220 in the short-to-medium term. Interestingly, this target aligns with historical resistance and sits comfortably between the $1,011 Fib breakout level and the $1,500 Fib extension, providing a logical stepping stone for bulls.

What Could Change This View?

Despite the breakout, there are signs that BNB’s rally may not follow the parabolic trajectory seen in 2020–2021. Trading volumes have remained subdued compared with the last bull cycle, indicating weaker participation from retail buyers.

Meanwhile, the weekly relative strength index (RSI) sits above 70, a zone traditionally associated with overheated conditions. The token further faces the risk of rejection at the 1.618 Fib line.

A failed breakout could see BNB correct toward the channel’s lower trendline near $700, coinciding with the 1.0 Fib line and the 20-2W exponential moving average (EMA).