The post BNB Price Hits New ATH, Is $1,000 the Next Milestone? appeared first on Coinpedia Fintech News
Binance Coin has been on a remarkable run, as it has run to another fresh ATH of $962.29 just hours ago. The token has added 2.81% in gains since yesterday and is up 8.13% over the week, pushing its market cap to $132.35 billion.
Successively, the trading volume also jumped 36.39% to $3.33 billion, showing that traders are actively participating in this breakout. With Binance’s ecosystem expanding, institutional demand rising, and optimism around regulatory clarity, BNB’s momentum looks far from over. Interesting right? Now, let us decipher the top factors driving the surge and where the BNB coin price could head next!
Top Reasons Behind BNB Price Surge
The reasons behind this surge are clear. Binance’s regular token burns continue to restrict supply, while institutional players are betting big. Nasdaq-listed BNC recently expanded its BNB holdings to 325,000 tokens, worth about $309 million. This signals confidence in the token’s long-term potential. Meanwhile, the Maxwell Upgrade has improved block speeds to 0.75 seconds, boosting DeFi and network utility.
Another factor stoking excitement is speculation that Binance may soon settle with the DOJ to drop its compliance monitor. Rumors of a possible CZ comeback have only amplified bullish sentiment. If this unfolds, BNB price could quickly find its way past $1,000.
BNB Price Analysis
BNB is trading near $951 after briefly testing $962.29 while I write this analysis for you. The 4-hour chart shows a strong bullish structure, with price staying above key moving averages and Bollinger Bands signaling volatility expansion. The immediate resistance for BNB is at $958–$962, while the psychological $1,000 level is now within reach.
Conversely, a close below $925 could spark profit-taking, exposing $905 as the next support level aligned with the 38.2% Fibonacci retracement. However, RSI remains healthy near 64, suggesting that while BNB is strong, it is not yet overbought.
FAQs
BNB price hit new highs due to strong institutional accumulation, Binance’s ecosystem growth, and network upgrades that boosted utility.
Immediate resistance lies at $962 and $1,000, while support rests at $925 and $905.
Yes, as long as trading volume remains strong and support at $925 holds, BNB has room to extend its rally.
