Altcoin Watch: BNB Targets $1,000, Nexo Battles Resistance, LINK Holds $21 Support

BNB Targets $1,000: Strong momentum has pushed BNB past consolidation, with resistance at $900 standing as the next breakout test.

Nexo Stuck in Range: The token remains capped between $1.20 and $1.40, with downside risk toward $1.00 if support breaks.

Chainlink Holds $21 Support: Despite a 5% decline, LINK stays in an uptrend after its mid-year rally, with $25 as key resistance.

Altcoins remain active in early September as BNB pushes higher, Nexo struggles in a consolidation range, and Chainlink faces renewed selling. The market has displayed mixed signals, with strong gains in some assets and weaker momentum in others. These developments reflect shifting demand and technical levels shaping price action across major altcoins.

BNB Eyes Key Breakout Levels

BNB is trading at $841.6, gaining 1.24% in the most recent session. The chart highlights a strong uptrend through mid-2025 as the token broke past key resistance zones and reached yearly highs. Its advance shows renewed demand, pushing prices deeper into the $800–$900 range.

Source: Mitrade.com

BNB spent most of the first half of the year between the range of $550 to $700. The market was unstable and it dropped in March and April then leveled off. Sentiment was also much better than in July because the prices went up faster which means the buying pressure is higher and more people are active on the Binance network.

In prospect, the next key resistance at $900 is the next hurdle to long-term positive momentum. A decisive breakout would be an open door to 950-1000. There is a strong support at about 780 on the downside and a stiffer rectification might be felt in the region of 700.

Nexo Faces Resistance Challenges

Nexo is priced at $1.269, recording a slight daily decline of 0.79%. Its chart shows persistent choppiness throughout 2025, with the token struggling near the $1.30–$1.40 zone. The lack of sustained strength highlights broader challenges for lending-focused digital assets.

Source: Mitrade.com

Sharp fluctuations have marked the year, with a dip below $1.00 early on before partial recovery. Gains above $1.20 held through mid-year, yet frequent rejections near $1.35 capped advances. The market response indicates strong selling pressure whenever price approaches its upper range.

For the short term, Nexo trades in a narrow consolidation channel. Support stands near $1.20, while resistance remains at $1.40. A break below support could lead toward $1.00, while an upside breakout may allow a move to $1.60.

Chainlink Consolidates After Rally

Chainlink trades at $22.325, reflecting a 5.05% decline in the latest session. The pullback follows a sharp rally from mid-year lows below $12. Profit-taking has emerged after peaks near $30, bringing consolidation near the low-$20 range.

Source: Mitrade.com

Throughout the first half of 2025, LINK struggled within $12–$18, showing prolonged weakness. Momentum shifted in July and August as renewed buying lifted the token sharply higher. This rally aligned with stronger market sentiment and growing discussions around Oracle adoption.

Immediate support sits near $21, which is critical for maintaining bullish structure. A break lower could push prices toward $18–$19. Conversely, resistance stands at $25, and surpassing it could renew momentum for another attempt at $30.