Binance Coin (BNB) is dominating the headlines following its entry into uncharted territory, and one crypto analyst is convinced that the rally has only just started. Javon Marks, known for his chart-driven forecasts, has highlighted an explosive setup that has already lifted BNB by more than 44%.
The trigger? A hidden bullish divergence—where the price movement and momentum indicators are secretly in harmony to announce a significant breakout. This major trend, which was already noted by Marks, has now worked itself out and has driven the token to new all-time highs. However, the actual story is perhaps just getting started.
BNB Breakout Sets Stage for 35% Surge
Marks points to a breakout target of $1,085.7, suggesting another 35% climb from current levels. His analysis shows that after a multi-year downtrend ended in 2022, the cryptocurrency quietly built strength through steady accumulation and rising support levels. With each higher low on the Relative Strength Index (RSI), momentum was brewing—until it finally erupted.
BNB Price Chart (Source: X Post)
What sets this move apart is the clean technical confirmation behind it. Marks highlights the RSI’s rising trend beneath consolidating price action as the silent signal of what was to come. And now that BNB has broken free, the path appears clear for further upside.
“A break above would bring $1,085.7 in play,” Marks noted in reference to his earlier forecasts. “That means prices could now be set for another +35% increase from here,” he added, pointing to the growing strength behind the current rally.
True to his word, the break above the multi-year resistance has already reached the first target of $650.6, and the focus is now on the $1,000+ level.
BNB On-Chain Metrics Signal Momentum Backed by Real Demand
As BNB continues to set new highs, on-chain data creates a curious picture of what is fueling the on-chain rally behind the scenes. At press time, the OI-weighted funding rate of BNB rose to 0.025%, its highest point, as the token traded close to $794.62.
BNB OI-Weighted Funding Rate (Source: CoinGlass)
This jump indicates that traders are willing to pay a premium to hold long positions, which is a definite indication of bullish conviction in the derivatives market. Historically, a sustained period of positive funding rates has been associated with robust upward trends, which indicates that this shift isn’t purely speculative —it’s structurally reinforced.
BNB Spot Inflow/Outflow (Source: CoinGlass)
In addition, spot market flows are showing similar strength. During the same period, BNB experienced a net inflow of $19.77 million, with its price holding steady at 782.06. Such a massive inflow of capital shows a high accumulation in the spot market, which is typically preceded by a longer-term holding sentiment and potential supply squeeze.
