Key takeaways
- BNB set a new record high at $1,110 after rising more than 5% on Thursday.
- The coin could continue its rally toward the psychological $1,500 level.
BNB tops $1,100 as rally continues
BNB, the native token of the Binance ecosystem, reached a fresh record after gaining over 5% in value. The rally pushed BNB past $1,100 for the first time in its history.
The token’s strong performance follows significant gains across the crypto market. Bitcoin climbed to $121,000 for the first time since August, while Ether broke above the $4,500 resistance level.
BNB’s impressive run in recent months coincides with Binance’s continued dominance as the world’s leading cryptocurrency exchange. The platform now handles roughly $20 billion in daily trading volume—about 400% more than its nearest rival, Bybit.
BNB could extend rally to $1,500 as bullish momentum persists
The BNB/USD 4-hour chart shows a bullish and decisive trend, with the token gaining roughly 15% over the past seven days. Momentum indicators are strongly bullish, suggesting buyers currently control the market.
An RSI reading around 71 indicates BNB is approaching overbought territory if the uptrend continues. MACD lines remain in positive territory as well, reinforcing a bullish bias.
At the time of writing, BNB trades around $1,087 per coin. If the current trend continues, BNB could climb toward a new record near $1,150. A sustained bullish run might allow it to test the $1,200 mark for the first time ever.
However, a correction after the recent surge could push BNB below $1,000 and test the support and trendline level near $967. Bulls are likely to defend this zone; a failure there could open the path for a further decline toward $930.