The post BNB Price Hits New ATH – Is $860 the Next Target? appeared first on Coinpedia Fintech News
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.
