The BNB, the native token of BNB Chain, has surged to a new All-Time High (ATH) of $1112 this Friday, marking a significant milestone for the ecosystem. This remarkable rally is part of a strong bullish trend, driven by impressive fundamental growth and extremely positive market sentiment. Dive in for more insights.
The driving force behind this rise lies in the vitality of the BNB Chain. The DeFi ecosystem of the chain, formerly known as Binance Smart Chain (BSC), is experiencing remarkable expansion.
The total value locked (TVL) recently surpassed $8 billion, ranking as the fourth largest DeFi chain. Platforms like PancakeSwap continue to generate substantial trading volumes, demonstrating intense activity and growing adoption of BSC tokens.
Furthermore, the over 6% increase in stablecoin market cap on the chain in 24 hours, reaching more than $13 billion, signals a massive injection of liquidity ready to be deployed in the ecosystem. This positive momentum is further strengthened by total assets held on the centralized Binance exchange, which reached an all-time high of $207 billion.
From a technical perspective, BNB is evolving in a well-defined bullish channel. After crossing the symbolic $1,100 threshold, the token has entered a price discovery phase.
The crucial short-term support, as identified by VP Order Blocks, sits at $1,020. Maintaining above this level would be a strong signal for bullish continuation. If the momentum persists, the next potential targets for BNB are around $1,150, corresponding to the upper limit of the ascending channel, followed by $1,220.
However, traders observe a slight bearish divergence on the RSI indicator, which, although in overbought territory at 70, has not followed the price peak. This could indicate a possible short-term consolidation before a new leg up. The MACD, on the other hand, displays a resolutely bullish trend, confirming the strength of the current momentum.
Consequently, BNB could well reach $1,600 in 2025, representing an increase of more than 50%. Take advantage by buying the token on Bitget easily and with $10 offered :
The BNB Chain ecosystem is booming, especially since the launch of Aster.
Trading volumes on decentralized platforms (DEXs) of the BNB Chain exceeded $90 billion in September, demonstrating sustained trading activity. PancakeSwap, the ecosystem’s flagship DEX, alone generated $1.51 million in fees in 24 hours, highlighting its central role in the chain’s DeFi infrastructure.
Market sentiment remains resolutely optimistic, as evidenced by the Open Interest in BNB derivatives markets, which has jumped 12% to reach $2.11 billion, confirming the influx of new capital and a strong bullish bias. Liquidations of short positions have far exceeded those of long positions, with $6.44 million in shorts liquidated compared to just $307,880 in longs, a ratio that illustrates the dominance of buyers.
The combination of sustained fundamental growth, flourishing on-chain activity, and an explosive technical setup positions BNB as an asset to watch closely in the coming weeks. The upcoming announcement of the launch of prediction markets on the BNB Chain, aimed at competing with platforms like Polymarket, could constitute an additional catalyst for demand for the native token.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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