Binance (BNB) coin has recovered a critical support level after a consolidation period, as analysts now believe more is yet to come.
The token shows bearish trends in the short term but is holding on to important levels. This shows the potential for a very big rally within the short term.
Technical indicators from market experts target a 50% gain for BNB to hit the $1,085.7 mark.

Analysts Highlight Key Levels and a 57% Upside Target
The recent recovery of Binance Coin above $650.6 has reignited bullish sentiment. According to technical analysis, this level is a major pivot point of the token.
If the price manages to hold above this zone, analyst Javon Marks thinks the $1,085.7 target is now a play.
However, with no more bearish pressure on BNB and pressure for continued positive momentum, it may surge 57% from its current level.
This sentiment is reflected in chart patterns shared by traders. Nevertheless, BNB has been on a breakout over the past few weeks from a long-standing downtrend.
The formation of higher lows has been coupled with this, thus starting a bullish structure. $650.6 has been reclaimed, which bolsters the token’s technical strength, providing a basis for launching a longer-term rally.
This optimistic projection follows a wider trend, as the market tends to follow traits of past breakouts.
If BNB coin moves beyond the next major resistance levels, analysts say this could lead to a flood of buying interest, leading prices to $1,085.7.
Currently, BNB is up by 1.69% over 24 hours, trading at $696.83. Trading volume for the token has pulled back a bit, down 35.74% to $2.08 billion for the day.
The one-hour chart by Javon Marks is also bullish, showing a descending channel on the short-term price action.
Continuing selling pressure is evident with BNB coin, but the coin has found stability near its lower boundary. If the price finds support there, then it should suggest buyers will step in.
On the charts, the outlook is more promising. The support zone, which is also in line with the earlier this month descending trendline breakout, has been reclaimed by the bulls to reclaim the support zone.
These signals indicate that although the token has short-term challenges, its medium to long-term path might remain positive.
Technical Analysis: Key Indicators to Watch
Technically, BNB coin’s current setup is attracting attention. At this critical inflection point, the token can reclaim $650.6.
This level has always been supported and resistant, a psychologically strong indicator for traders.
If this level is maintained, BNB can test higher resistance zones, with the next targets being the $750 and $800 levels.

The recent volume contraction could be a momentary blip before the green shoots begin to grow.
Should buying increase in the next couple of days, it would back the bullish thesis and drive the token to its $1,085.7 target.