BNB’s growth trajectory over the years has reflected the performance of the Binance crypto exchange, rising as the exchange grew. This has propelled it to become one of the largest cryptocurrencies by market cap, and with the market picking up again, have begun to rear their heads again.

BNB Bullish Triggers Are Lining up Again

Crypto analyst Melikatrader94 on the TradingView website has a trading plan for BNB, showing that the are beginning to align one more. The first instance of this is the fact that BNB has formed a clear double bottom on the daily chart.

Historically, a double bottom formation on the daily chart means that there is a trad reversal coming. Given that the trend at the time of the formation was bearish, it means a turn for the bulls. This is evident in the performance of BNB over the last week, as it .

The crypto analyst highlighted that the first resistance at the neckline lay between $680 and $690, and the has seen the price beat this resistance. This puts the price on the next level toward its true target.

How High Can The Price Go?

After the break above the neckline resistance, the crypto analyst says that this provides confirmation of the double bottom breakout. As a result, they say that it is better to wait for the BNB price to retest this resistance, which would then provide confirmation for the uptrend.

Once this breakout pattern is fully confirmed, then the crypto analyst puts the at $780. This would confirm the climb that began last week and carried through the weekend. If the momentum is maintained, then it is possible that BNB would continue to push for even higher prices above this target, possibly hitting $1,000 in an optimistic scenario.

Other factors that contribute to the bullish case are the fact that the . As the post explains, “Adding to the bullish case, RSI continues to print higher lows, highlighting strengthening momentum and growing buyer participation despite recent consolidation.”