BNB price has continued to rise steadily since early January. Now, charts show that there is a chance it could surpass $1,000 ahead of a major network upgrade.
summation
- BNB price rose 6% over the past week.
- Investor interest in the token is growing due to network upgrades such as the Fermi hard fork scheduled for next week.
- An ascending triangle pattern has been forming on the daily chart for several months.
According to data from crypto.news, the price of BNB (BNB) has rebounded for the fifth consecutive day, gaining almost 6% during this period. Trading at $907.02 at last check as of afternoon Asian time, the cryptocurrency is the fifth-largest cryptocurrency by market capitalization, up nearly 12% from its low in December last year.
BNB’s new upward trend is fueled by investor expectations for the Fermi hard fork event scheduled for January 14th.
This upgrade is expected to improve network performance and scalability by reducing blocking times by nearly one-third. Additionally, it reduces transaction confirmation times, optimizes EVM efficiency, and reduces node resource requirements through improved indexing.
The BNB team plans to introduce more updates designed to lower fees and improve user experience throughout the remainder of 2026, making the ecosystem competitive against competitors such as Ethereum and Solana.
Network upgrades like these tend to boost investor sentiment and often spark bulls. In this case, the cryptocurrency market could rebound, supporting a continued upward trend.
On the daily chart, the BNB price has been forming an ascending triangle pattern since mid-November last year.
These patterns are characterized by horizontal resistance lines connecting similar highs and upward support lines connecting gradually higher lows, forming a triangle. This is a sign that a potential bullish breakout could be coming soon as buyers continue to push the price higher against resisting sellers.
Technical indicators appear to favor the bulls. Aroon’s rise rate was 92.86% and Aroon’s decline rate was 21.43%, suggesting that buying pressure was greater than selling influence at the time of this writing.
MACD is also showing a buy signal, but momentum indicators such as Stochastic RSI remain at overbought levels, requiring caution in the short term.
In an optimistic scenario, a move above $930 could open the door to a retest of the mid-November high of $1,017. If BNB is unable to maintain the $891 support, the 200-day SMA near the psychological resistance of $900 is likely to be the next major support level.
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