BNB is showing a stronger technical structure after breaking above a long-term descending trendline, while key support and resistance levels could shape its next move. Meanwhile, Binance’s bStocks recorded the strongest holder growth among listed tokenized stock issuers, pointing to expanding product distribution and user interest.
As of now, according to CoinMarketCap data, BNB is trading at $763.57, with a decrease of 0.43% over the past 24 hours and an increase of 5.21% over the past week.
BNB Price Targets $5,500 After Breaking Multi-Year Descending Trendline
According to a prominent crypto analyst, Crypto Patel, BNB is holding above a multi-year descending trendline after breaking through it. The analyst said this breakout confirms a bullish higher-timeframe structure, with the token now trading above the former trendline.
Crypto Patel identified $460 as key support, while the broader accumulation zone sits between $300 and $460. Maintaining weekly price action above the $460–$350 area could keep the bullish structure intact, while a breakdown below these levels could weaken the current technical setup.
On the upside, $960–$1,100 remains the key resistance zone for BNB. A decisive breakout above this range could open the path toward the analyst’s projected targets of $1,400, $2,300, $3,500, and $5,500 as the bullish structure develops further.
The analysis suggests that BNB’s next major phase depends on how price reacts around the $960–$1,100 resistance area. If buyers push through this zone, the higher targets could come into focus. However, losing major support levels would weaken the setup and alter the technical outlook.
Binance bStocks Leads Tokenized Stocks With 181K New Holders
The data from Token Terminal further showed that Binance’s bStocks added 181,000 asset holders over the past seven days, recording the highest holder growth among the listed tokenized stock issuers. The increase highlights rising distribution of bStocks during the period.
Robinhood followed with 148,700 new asset holders over the same seven-day period. The figure placed its tokenized stock products behind bStocks in weekly holder growth, while showing continued expansion in the number of users holding these assets.
Meanwhile, xStocks added 65,200 asset holders during the period. Although its increase was lower than those recorded by bStocks and Robinhood, the growth still points to broader adoption of tokenized stock products across different platforms.
The weekly holder data offers a way to track product distribution among tokenized stock issuers. bStocks recorded the largest increase, followed by Robinhood and xStocks, indicating different rates of growth in the number of users holding their tokenized assets.
