Binance Coin (BNB) Shatters Records: $1,200 in Sight After Historic Breakout

Binance Coin (BNB) has entered a thrilling phase of price discovery, breaking its previous all-time high of $804 as bullish momentum continues to build. Traders are now setting their sights on the next major resistance levels at $950, $1,000, and potentially $1,200. This surge follows a decisive breakout above the 2021 peak of ~$690, backed by increasing trading volume and robust technical indicators. The formation of an ascending triangle pattern suggests a measured move toward $1,000, with Fibonacci extensions hinting at even higher targets. As of July 23, 2025, BNB's rally reflects growing confidence in the Binance ecosystem and broader crypto market optimism. This article delves into the factors driving BNB's unprecedented rally and what traders can expect next.

Binance Coin (BNB) Price Enters Price Discovery Mode After $804 Breakout—Is $1,200 Next?

Binance Coin has shattered its previous all-time high, surging past $804 as bullish momentum accelerates. Traders now eye $950, $1,000, and $1,200 as the next key resistance levels.

The breakout follows a decisive MOVE above the 2021 peak of ~$690, supported by rising volume and strengthening technical indicators. An ascending triangle formation suggests a measured move toward $1,000, with Fibonacci extensions reinforcing the bullish case.

Market participants note the RSI remains below overbought territory, leaving room for further upside. The rally from June 2022's swing low of ~$180 demonstrates BNB's resilience amid broader market recovery.

BNB Price Hits New ATH – Is $860 the Next Target?

Binance Coin (BNB) has surged to a record high of $804.17, eclipsing its 2021 peak before settling at $799.56. The token's 6.31% daily gain and 16.15% weekly rally reflect institutional demand, underscored by Nano Labs' $90 million over-the-counter purchase at $707 per BNB.

The BNB Chain dominates decentralized exchange volume with $14 billion processed daily—outpacing ethereum and Solana. Technical indicators suggest upward momentum remains intact: the 4-hour chart shows consistent support at $751.95, with the RSI at 69 avoiding overbought territory. Resistance levels now loom at $820.63 and $860.22.

Solana Price Prediction: Analysts Target $700 Amid Bullish Momentum

Solana (SOL) is poised for a significant rally, with analysts projecting a potential surge to $700 by the end of 2025. Currently trading near $203, SOL has broken through key resistance at $160, fueled by institutional accumulation and bullish technical indicators. Binance analysts rank it among the top 5 crypto performers this year, citing ETF interest and DeFi growth as catalysts.

The network's high throughput and reliability upgrades continue to attract developers, driving expansion in NFTs and Web3 applications. Exchange inflows reflect growing confidence, though risks remain—including network stability, Ethereum's competition, and regulatory uncertainty. Meanwhile, Remittix is gaining traction with its PayFi model, drawing investor attention away from speculative plays toward real-world utility.

Ethereum Surges to Six-Month High Amid Institutional Accumulation

Ethereum has breached $3,800 for the first time in six months, fueled by aggressive institutional buying. The cryptocurrency now trades at $3,727.22, marking a 0.38% daily gain and establishing a clear bullish trend.

Spot Ethereum ETFs recorded $296.5 million in single-day inflows on July 21, with Franklin Templeton, Bitwise, and BlackRock products leading the charge. Total ETF allocations have surpassed $7.8 billion over the past fortnight, signaling growing mainstream adoption.

Blockchain metrics reveal striking network activity. Daily transactions hit a yearly peak of 1.47 million, while DeFi's Total Value Locked surged 40.43% month-over-month - outperforming all competing chains. Institutional players like BitMine Immersion Technologies have accumulated over 300,000 ETH, while SharpLink Gaming boosted holdings by 29% to 360,807 ETH.

Whale activity underscores the institutional thesis. One entity withdrew $267 million worth of ETH from FalconX over 72 hours, while another extracted $72 million from Binance. Ethereum's seven-day net inflows of $1.4 billion dwarf all other blockchain projects, cementing its position as the institutional digital asset of choice.

Fact Check: SWIFT and Ripple XRP Partnership Claims Debunked

Rumors of a formal partnership between SWIFT and Ripple to utilize XRP for cross-border payments have been circulating widely, fueled by social media hype and unverified claims. The speculation suggested an imminent $650 trillion flow through the XRP Ledger and a massive token burn within 72 hours. However, no official confirmation from SWIFT or Ripple supports these assertions.

While SWIFT has explored potential integrations with Ripple's technology, including XRP as a liquidity bridge, no finalized agreement exists. The viral claims appear to stem from misinterpretations or exaggerated headlines, lacking substantive evidence. Market participants should exercise caution amid such unfounded speculation.

BNB Overtakes Rolls-Royce in Market Cap

BNB, the native token of the Binance ecosystem, has surpassed Rolls-Royce Holdings in market capitalization, underscoring its rapid ascent in the global financial hierarchy. The cryptocurrency reached an all-time high of $801.83, fueled by robust investor demand and expanding utility across the BNB Chain.

Binance's latest integrations with leading DeFi platforms have further accelerated network activity, reinforcing BNB's position as a cornerstone of the digital asset landscape. The token's momentum reflects broader institutional confidence in blockchain-based solutions.