• BNB’s chart reveals a solid bounce from below $900 confirming a shift in overall market structure toward recovery levels.
• The first major resistance stands near $1,120 aligning with the golden pocket and point of control on the six-hour chart.
• BNB holds above $999 showing renewed buyer interest and technical strength as traders await breakout confirmation for the next move.

BNB has staged a strong comeback after slipping below $900 earlier in the week. The digital asset has now reclaimed the $1,000 level, signaling a significant market structure shift that has captured traders’ attention. According to technical analysis shared by Carl Moon, the chart indicates renewed momentum and potential continuation toward higher resistance zones.

The six-hour Binance Coin (BNB/USDT) chart highlights a clear bounce supported by strong buying activity. This rebound follows a steep decline that reached its lowest point earlier in November. As price action regained strength, the shift in structure marked the first technical signal of an emerging uptrend.

Currently, BNB trades near $999 with visible strength at the current level. Technical indicators show that if momentum continues, the next major test lies around the $1,120 resistance area, coinciding with both the golden pocket (GP) and point of control (POC).

Technical Chart Confirms Bullish Structure and Key Resistance

The chart posted by Carl Moon demonstrates BNB’s rebound structure with defined retracement zones at 0.618 and 0.786 Fibonacci levels. These levels have historically provided directional guidance during recovery phases. The asset’s recent breakout from the lower range aligns with renewed buyer strength visible across shorter timeframes.

Market data indicates that the point of control aligns near the $1,120 region, serving as a strong resistance area. Traders often monitor this zone for possible rejections or consolidations before a new push upward. The golden pocket, positioned in the same range, reinforces the confluence that may determine the asset’s next breakout or short-term pullback.

If BNB maintains its higher lows, the bullish structure could remain intact through the upcoming sessions. The asset’s steady momentum suggests an increasing likelihood of further gains, provided that the resistance zone does not trigger large-scale profit-taking.

Will BNB Maintain Its Recovery Beyond $1,000?

The current recovery raises a key question: can BNB sustain its strength and advance beyond the $1,000 zone? The asset’s recent market performance suggests optimism as traders position for another potential run. The reaction near $1,120 will determine whether the recovery can evolve into a larger upward move.

BNB’s resilience after the October decline mirrors previous cycles where sharp rebounds preceded multi-day rallies. Technical formations indicate rising confidence among market participants as long as volume supports the ongoing move.

For now, BNB remains firmly above its psychological threshold of $1,000, marking a strong sign of renewed demand. The focus now shifts to observing how the price interacts with resistance levels and whether it can extend the rally into new highs.