BNB Price Forecast: BNB Shatters $1,006 ATH Barrier, Bulls Target $1,200 Next
BNB just bulldozed through another psychological barrier—touching $1,006 and setting a blistering new all-time high.
Momentum Builds Toward $1,200
Traders aren't just watching; they're positioning. The climb past four figures signals robust institutional interest and retail FOMO kicking into high gear. No pullback in sight—just pure upward trajectory.
Market Sentiment Turns Greedy
Fear-of-missing-out has officially replaced fear-of-loss. Even traditional finance skeptics are quietly reallocating—proving once again that nothing soothes doubt like a green candle. Classic.
What’s Driving the Rally?
Binance Smart Chain activity, token burns, and ecosystem growth keep fueling the fire. This isn't speculation—it's adoption in real time.
Will $1,200 Hold?
If momentum holds, yes. But in crypto, the only certainty is volatility. Either way, bulls aren't backing down.
BNB hits a record high following FOMC dovish stance
BNB reached a new all-time high of over $1,000 on Thursday, following the Federal Open Market Committee (FOMC) announcement of a 25-basis-point (bps) interest rate cut late Wednesday, which boosted risk appetite across cryptocurrency markets.
The Fed’s dovish stance, as indicated by the latest DOT plot, suggests that interest rates will average 3.6% by the end of 2025, below the June projection of 3.9%. This possibility, along with the potential for additional cuts later this year, has supported risk-on sentiment and a price rally in BNB.
On-chain and derivatives show bullish bias
Artemis Terminal data shows that BNB’s Total Value Locked (TVL) increased to $7.74 billion on Sunday from $7.8 billion on Friday, the highest yearly level. Rising TVL indicates growing activity and interest within BNB’s ecosystem, suggesting that more users are depositing or utilizing assets within BNB-based protocols.
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BNB TVL chart. Source: Artemis Terminal
The derivatives front further support the bullish outlook. CoinGlass’ data show that the futures’ Open Interest (OI) in BNB at exchanges reached a new all-time high of $1.98 billion on Friday. An increasing OI represents new or additional money entering the market and new buying, which could fuel the current BNB price rally.
BNB open interest chart. Source: CoinGlass
Another bullish sign is CoinGlass’s BNB long-to-short ratio, which stands at 1.16, nearly its monthly high. This ratio, above one, reflects bullish sentiment in the markets, as more traders are betting on the asset price to rise.
BNB long-to-short ratio chart. Source: CoinGlass
BNB Price Forecast: What's next?
BNB price reached a record high of $944.95 on Sunday but failed to maintain the gains, declining slightly to start the week. However, BNB continued its upward trend on Tuesday, rallying over 7% to reach a new all-time high of $1,006 on Thursday. At the time of writing on Friday, it trades at around $989.
If BNB continues its upward momentum, it could extend the gains to test the 141.4% Fibonacci extension level at $1,215.48.
The Relative Strength Index (RSI) on the daily chart reads 73, pointing upward, above its overbought conditions, indicating strong bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which remains in effect, supporting the bullish thesis.
BNB/USDT daily chart
However, if BNB faces a pullback, it could extend the decline toward its previous ATH at $994.95.
