Binance Coin (BNB) is approaching a crucial technical level as market observers speculate whether its price can escape a persistent range. Currently, BNB is trading around $1,181, reflecting a slight dip in the last 24 hours, exhibiting a near 10% decline over the past week. Nevertheless, the asset remains within an ascending structure that has formed over several years, with a crucial upper boundary near $1,400, a point that historically has prompted price reversals.

BNB Nears Major Resistance

Analyst Jonathan Carter described this juncture as a “make-or-break moment” for BNB, outlining longer-term targets of $1,800, $2,500, and $4,500 contingent on overcoming the current resistance area. These targets derive from past price dynamics and critical horizontal zones.

#BNB Ascending Channel About to Unfold?🤔 Binance Coin is testing the upper border of the ascending triangle on the 2W chart🔍 Long-term target levels: $1,800 → $2,500 → $4,500🎯 Make-or-break moment👨‍💻 pic.twitter.com/X2AZpahvvo — Jonathan Carter (@JohncyCrypto) October 14, 2025

The 50-period moving average indicates an upward trend beneath the current trading price, while the RSI remains neutral, suggesting potential for further movement if momentum gathers.

Additionally, BNB found solid support during a recent pullback at $1,069.75 and has rebounded back to over $1,140, emphasizing the significance of the $1,120 to $1,200 range as a decisive zone.

Derivative Market Indicates Trader Interest

According to Coinglass, BNB futures open interest stands at approximately $2.5 billion, continually rising since mid-July, paralleling price increases. This surge in open interest denotes growing participation in BNB’s trading environment.

As market trends shift, traders appear to be finding support, and future movements hinge heavily on maintaining positions above significant levels.