Darius Baruo
October 6, 2025 2:07 PM
Binance coin climbs to $1,223.90 on strong volume as key resistance levels drop, RSI enters overbought territory signaling potential consolidation ahead.
What happened
Binance coin has posted a solid 5.05% gain over the past 24 hours, boosting the BNB price to $1,223.90 as Bulls maintained control above critical technical levels. The rally came with a significant trading volume of $570.7 million, indicating strong institutional participation in the move.
The details
The BNB/USDT Pair broke through multiple resistance zones during the session, with price action accelerating after clearing the $1,200 psychological level. The trading range expanded significantly, spanning from $1,147.84 to a session high of $1,239.94, representing an intraday swing of more than 8%.
Volume patterns suggest this was not a typical retail-driven pump, as sustained buying pressure across multiple time zones indicates coordinated institutional accumulation. The token’s market cap expansion coincided with broader cryptocurrency market strength, although BNB outperformed most major Altcoins during the session.
Technical response
BNB price Action is decidedly above all major moving averages, trading 17.5% above the 20-day SMA at $1,041.43 and an impressive 66.3% above the 200-day SMA at $736.09. This positioning indicates that a strong bullish trend structure remains intact.
The relative strength index reached 74.3 and entered overbought territory for the first time in several weeks. While this suggests potential near-term consolidation, the MACD indicator remains bullish with a positive histogram reading of 18.2, supporting continued upward momentum.
Key resistance now stands at the session $1,239.94, while immediate support has formed around the $1,203.89 pivot level. A break below $932.01 would signal the first major correction warning.
What traders do
Professional traders appear to be positioning for a potential test of new highs, with options flow showing increased call buying on strikes above $1,300. Whale market moves indicate that large holders have rallied during recent dips, providing a foundation for the current rally.
Futures funding rates have turned positive but remain below extreme levels, suggesting the rally has room to extend without immediate liquidation pressure. Perpetual Swap Volumes rose 40% during the breakout, confirming trader involvement.
What’s next
Immediate focus revolves around or BNB May establish $1,200 as reliable support after the breakout. A successful retest would target the psychological level of $1,300 towards the next major objective.
However, the overbought RSI reading suggests that consolidation between $1,180-$1,240 could occur before the next leg higher. Any pullback to the $1,150 area would present a technical buying opportunity for trend followers.
The broader market context of cryptocurrency is likely to influence BNB price direction over the coming sessions, with Bitcoin and Ethereum moves serving as major correlation factors.
The takeaway
Binance coin Bulls have set control above $1,200, but traders should watch for consolidation signals if RSI reaches overbought levels, with $1,150 representing the key support zone to defend.
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