BNB Eyes Rebound as Bulls Target $1K Amid Bullish Technicals

Binance Coin (BNB) has been on an upward push since late July, reaching a high of $780 in the past week.

This rally caused significant short liquidations and was part of a larger bull trend for BNB.

The next immediate support levels are at $700 and $670, but technical indicators suggest that BNB could be flashing a buy signal.

The CMF is above +0.05, OBV has begun to climb higher in the past two months, and RSI is above neutral 50 on the weekly chart.

The daily chart also shows bullish technical indicators, with a former supply zone at $700 that has been flipped to support.

The next price target for BNB, based on the weekly chart, is between $950-$960, with $1,000 being a key psychological resistance level.