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BNB Eyes $1,632 After Holding Firm at the $1,050 Support Level

BNB Eyes $1,632 After Holding Firm at the $1,050 Support Level

2025-10-13

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  • BNB builds a solid base near $1,050 which signals a potential rise toward higher resistance levels soon.
  • Analyst data points to $1,439 and $1,632 as the next upside targets if support continues to hold steady.
  • Market sentiment remains positive as buyers defend key zones while trading volume shows steady recovery signs.

BNB is signaling a possible bullish continuation after stabilizing near the $1,050 mark, according to a technical chart shared by analyst Rose P on October 12, 2025. The projection, published on TradingView, outlines a clear recovery structure that could push Binance Coin (BNB) toward $1,439 and later $1,632 if current market conditions remain steady.

BNB Finds Support Near $1,050

The daily chart from Binance shows BNB trading at $1,123, up 1.88% in the last session. The structure identifies $1,050 as a critical support zone aligned with the 0.5 Fibonacci retracement level. Historically, this price area has acted as a strong consolidation base where buyers often return after steep pullbacks.

The chart reveals a temporary correction phase following BNB’s sharp rally earlier in October. The recent decline brought the token back into the retracement region between the 0.382 and 0.618 Fibonacci levels, a range often associated with accumulation before the next upward leg.

Market data indicates that buyers may be preparing to defend the $1,050 mark to re-establish bullish momentum. The green arrows drawn on the chart suggest two potential bounce scenarios: one immediate and another following a short consolidation phase. Both paths converge toward higher resistance levels, indicating that a rebound could already be underway.

If BNB holds above this key level, analysts expect a gradual rise back toward $1,439 — a price point that coincides with a prior resistance zone from early October. Sustained buying volume near this level would confirm a bullish reversal pattern, strengthening the broader market outlook.

Technical Setup Signals Bullish Continuation

The Fibonacci retracement framework remains central to the ongoing analysis. BNB’s structure follows a textbook corrective wave that typically precedes renewed rallies. Traders tracking the setup note that a clean break above $1,200 would confirm short-term strength and signal readiness for a push toward higher targets.

The first target, according to the projection, is $1,439. This level corresponds to the midpoint resistance on the upward path. A successful breach here could open the door to the final target near $1,632 — representing nearly a 45% potential upside from current prices.

The outlined scenario also shows potential volatility before the upward continuation. The formation suggests a possible retest of the 0.618 Fibonacci line near $1,000 before advancing higher. Such corrective dips are typical during transitional phases between market consolidations and new bullish impulses.

Analyst Rose P describes the setup as a strong technical case for accumulation. The visual structure implies that BNB’s price behavior remains within predictable Fibonacci proportions, maintaining a favorable risk-to-reward profile for traders watching the $1,050–$1,100 zone.

Market Reactions and Near-Term Outlook

BNB’s current market activity reflects cautious optimism among traders. Community discussions surrounding the chart suggest that many view the recent retracement as an opportunity rather than a warning signal. Several trading groups have cited the $1,050 base as a strategic re-entry level for medium-term positioning.

Data from Binance’s spot market shows increasing buying activity each time the price approaches $1,050, indicating strong market participation in this region. Such behavior aligns with accumulation trends observed in previous cycles, where institutional and retail investors often increased exposure after controlled corrections.

Social media commentary has also highlighted BNB’s relative stability compared to other large-cap cryptocurrencies during volatile periods. This consistency has contributed to growing confidence in its technical resilience, reinforcing the probability of a continued climb if support remains intact.

However, questions remain about the sustainability of the rebound amid broader market uncertainty. Can BNB sustain its base at $1,050 long enough to achieve a breakout beyond $1,439 and approach the $1,632 mark?

Market participants will be watching closely for confirmation signals in the coming days. A successful retest and bounce above $1,200 could serve as the trigger that validates the forecasted upward projection toward the next resistance levels..

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