BNB Smashes All-Time High – Can It Rocket to $860 Next?

BNB just bulldozed through its previous record—again. The crypto’s relentless rally has traders whispering about an $860 target. But can it dodge the usual 'buy the rumor, sell the news' circus?

Pump or Prime? The charts scream momentum, but Wall Street's 'number go up' logic might not apply here. Remember: past performance is just that—past.

One hedge fund manager yawns, 'Another day, another ATH. Wake me when the leverage liquidations start.'

Binance Coin is once again capturing headlines as it makes a dramatic ascent, to claim a new all-time high before. As of now, BNB price is trading at $799.56, still marking a 6.31% gain over the past 24 hours and 16.15% over the last week. With a market cap of $111.36 billion and 24-hour trading volume jumping to $3.25 billion, BNB has reclaimed its 5th position from Solana.

Much of this bullish action can be traced to a $90 million OTC acquisition by Nano Labs, which bought BNB at an average price of $707. Adding to the bullish narrative, BNB Chain recently processed over $14 billion in daily decentralized exchange (DEX) volume, outstripping both ethereum and Solana.

BNB Price Analysis:

BNB price surged to a new all-time high of $804.17 earlier today, briefly breaking past its 2021 highs before retreating modestly. It now trades at $799.65, just 0.58% below the ATH. Over the past 24 hours, BNB has fluctuated between a low of $750.56 and a high of $800.50, signaling strong bullish conviction NEAR resistance.

The 4-hour chart reveals a well-structured uptrend, supported by a clean bounce off the $751.95 breakout level, which now acts as solid support. The price remains firmly above the 20-period EMA, and buyers are pushing candles to the upper Bollinger Band. With RSI hovering around 69, BNB isn’t yet overbought, leaving room for further upside.

Above, $820.63 and $860.22 stand out as the next resistance targets. If BNB can close above $804, bulls may push the BNB price toward the $850 psychological mark in the short term. However, on the downside, $750 remains a key support level, reinforced by recent consolidation and EMA alignment. A break below that could expose BNB to deeper support near $734.28. Following which we have major ground at $684.37.

FAQs

A mix of institutional buying, ATH breakout attempts, and strong BNB Chain usage is driving the rally.

While near-term pullbacks are possible, strong fundamentals suggest continued upside over time.

Key resistance lies at $804 (ATH), with upside potential toward $850, support sits at $750.