Key Points
- BNB set a new all-time high at $1,110 after rallying more than 5% on Thursday.
- The coin could extend its rally toward the psychological $1,500 level.
BNB Clears $1,100 as Rally Continues
BNB, the native token of the Binance ecosystem, hit a fresh all-time high after gaining over 5% in value. The rally pushed BNB past the $1,100 mark for the first time in its history.
BNB’s strong performance coincides with gains across major cryptocurrencies. Bitcoin reclaimed the $121k threshold for the first time since August, while Ether broke above the $4,500 resistance level.
BNB’s momentum has been supported by Binance’s continued prominence as a leading global crypto exchange. The exchange processes roughly $20 billion in daily trading volume, about 400% more than its nearest competitor, Bybit.
BNB Could Extend Rally to $1,500 as Bull Run Persists
The 4-hour BNB/USD chart shows a bullish and efficient trend, with the token up roughly 15% over the past seven days. Momentum indicators remain strongly bullish, signaling that buyers currently hold the advantage.
An RSI reading of 71 suggests BNB may enter overbought territory if the uptrend continues. MACD lines are also in positive territory, reinforcing the presence of a robust bullish trend.
At the time of writing, BNB is trading around $1,087 per token. If the prevailing trend continues, BNB could reach a new record high near $1,150. A sustained bullish run might push it toward the $1,200 threshold for the first time ever.
However, a correction following the recent surge could see BNB slip below $1,000 and retest support around $967. Bulls are likely to defend that zone; if it fails, BNB could pull back further toward $930.