BNB/USD at $1,000 in this cycle?BNBCRYPTO:BNBUSDSwissquoteThe underlying uptrend in the BNB/USD token is a major barometer of the overall health of the crypto market, and more broadly, of investor interest in altcoins. In the previous cycle, back in January 2021, the bullish breakout of the all-time high (ATH) on BNB/USD was a leading indicator of the altcoin season. In our current cycle, BNB/USD is on the verge of breaking above its ATH once again. If this breakout happens, it would be a positive signal for altcoins. 1) Why tracking BNB/USD’s underlying trend is essential to anticipate the crypto market’s health In the crypto ecosystem, some assets serve as overall market barometers. BNB, issued by Binance, is one of them. Monitoring BNB/USD is not only relevant for holders of the token but also for any investor looking to assess the general state of the crypto and altcoin markets. Why? Because Binance is by far the largest global platform in trading volume—both in the spot and derivatives markets. The BNB token thus directly reflects the momentum of the Binance ecosystem and, by extension, a major segment of the crypto industry. When BNB is in a sustained uptrend, it generally signals renewed activity, increasing volume, and growing investor confidence. Conversely, a prolonged downtrend may suggest progressive disengagement by market participants and broader downside pressure on altcoins. Moreover, activity growth or contraction on Binance almost automatically leads to shifts in demand for BNB, which is used for trading fees, launchpad services, and DeFi. This makes BNB an early indicator of liquidity and vitality in the space. Integrating BNB/USD technical analysis into your market monitoring strategy is, in essence, observing the pulse of the crypto markets. 2) From a technical analysis perspective, a bullish breakout above BNB/USD’s ATH would be a strong altseason signal The chart below shows the weekly candlestick data for BNB/USD. Looking back at winter 2021, the breakout above the ATH coincided with the beginning of the altcoin season. As such, I’m keeping a close watch on the current ATH of $794. If BNB/USD manages to break through this resistance, it would be a very bullish signal for altcoins and would set a technical target at $1,000. However, as of now, this breakout has not occurred. A break below the key support at $690 would invalidate the bullish outlook for this cycle. DISCLAIMER: This content is intended for individuals who are familiar with financial markets and instruments and is for information purposes only. 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