BNB, a Binance-native coin, has broken new records as it soars to a new all-time high of $880. This marks one of the strongest rallies in its history, breaking previous long-standing resistance levels.
This surge is driven by a combination of institutional accumulation, technological momentum, and rapid ecosystem growth. The coin’s rise demonstrates its growing relevance in the crypto market. Also, large-scale investors are increasingly betting on its long-term prospects.
Recall that on August 18, BNB Network Company (Nasdaq: BNC) acquired 325,000 coins worth $283 million.
With this move, BNC became the largest corporate treasury holder of the cryptocurrency. Similarly, Windtree Therapeutics had allocated $60 million to BNB several weeks ago. Nano Labs also increased its holdings to 120,000 tokens, worth $90 million, via over-the-counter (OTC) purchases.
These high-profile investments demonstrate a growing confidence in the coin’s role as a core asset in institutional portfolios.
The supply of BNB on exchanges has fallen to 22.6%, from 28.5% in July. This tightening of liquidity increases upward price pressure. As institutions accumulate the coins, less BNB is available for trading.
This scarcity, combined with rising demand, has driven the rally. Analysts note that corporate treasuries diversifying into altcoins such as BNB, in addition to Bitcoin and Ethereum, are reshaping market dynamics.
Its price trend is a story of resilience and strength. On August 19, the token broke through a critical resistance level at $869. It is currently trading above its seven-day moving average of $840.57.
Remarkably, technical indicators have remained positive. The Moving Average Convergence Divergence (MACD) shows a widening positive gap, indicating continued upward momentum. However, the Relative Strength Index (RSI) of 57 indicates slightly overheated conditions. Traders are wary of short-term pullbacks, but the overall uptrend remains strong.
The rally follows a “cup and handle” breakout pattern, a bullish signal that precedes significant gains. Open interest in BNB futures has risen to $1.6 billion, indicating strong trader conviction.
The next level of resistance is $905.75, which represents the 127.2% Fibonacci extension. A break above this could propel it to the psychological $900 level and beyond.
The BNB Chain ecosystem drives utility
The coin’s ecosystem expansion is outpacing rival networks. Its native chain, which includes Binance Smart Chain, opBNB L2S, and BNB Greenfield, is one of the Web3 leaders.
Since July, the total Value Locked (TVL) on its chain has increased by 20% to $12.1 billion, with daily transactions reaching 13.95 million on August 19, representing a 14% weekly increase. The Maxwell upgrade, which reduced block times to 0.75 seconds, has improved network efficiency.
This establishes its chain as a go-to for decentralised finance (DeFi), tokenised assets, and cross-border payments.
Analysts are optimistic about its future. If current momentum continues, CoinCodex predicts that the coin will reach $1,100 by November 2025. Geoff Kendrick of Standard Chartered predicts a lofty $2,775 by 2028, citing its performance as mirroring that of Bitcoin and Ethereum.
However, risks remain; the RSI’s near-overbought levels indicate potential short-term volatility. A pullback to $800-$820 is possible, providing a healthy consolidation period before further gains.
Traders should keep an eye on the support levels at $807 and $769. A break below these levels could indicate a deeper correction. Still, BNB’s fundamentals, ecosystem growth, institutional backing, and token burns point to a positive long-term outlook.
Its rally demonstrates its evolving role in the crypto ecosystem. If the VanEck BNB ETF filing in May 2025 is approved, it could unlock additional institutional capital. Binance’s USD1 stablecoin, backed by Trump’s World Liberty Financial, has reached $3.37 billion in daily volume. This outpaces competitors such as USDC, indicating increased adoption. BNB’s 30% share of global DEX trading volume cements its dominance.
The next hurdle is the $900-$905 range, and a sustained break could propel BNB to $950 or even $1,000 in no time.