At the time of writing, the token trades around $851, reflecting a 3% daily gain.
The milestone sparked excitement among market watchers and investors.BNB has recorded a 20% spike in its 24-hour trading volume, currently standing at $3.51 billion.
Popular analyst Bitbull noted that BNB flipped a multi-year resistance level of $750 into strong support, stating $1,000 BNB is “just a matter of time.”
The last time such a major shift happened was in 2021 when BNB surged by over five times within just 15 days.
Growing Institutional Interest and ETF Speculation
BNB has recently recorded a significant increase in institutional interest. Nasdaq-listed BNC, the largest corporate BNB treasury holder globally, plans to accumulate 1% of the total token supply by 2025-end.
Windtree Therapeutics, another publicly traded firm, secured $60 million worth of BNB in July.
The ongoing ETF filings are further fueling bullish BNB price optimism. If the SEC approves BNB ETF applications, analysts expect an influx of massive institutional capital.
HashGlobal projected BNB could reach $2,000 before year-end, with ETF approval acting as a key catalyst.
Meanwhile, BNB’s growing utility in DeFi and exchange operations also support bullish momentum.
BNB Price to $1K Soon?
On the daily BNB price chart, the RSI is suggesting the cryptocurrency is in bullish territory but not yet overbought. However, a further push in RSI could signal overheating, with $750 acting as a strong support level.
BNB price chart with RSI and Bollinger Bands. | Source: Trading View
The price is hugging the upper Bollinger Band near $882, reflecting strong upward pressure. If BNB manages to sustainably close above the peak, traders could see a rally to $920 and even to $1,000.
However, the bands also hint at possible short-term overextension, with immediate support seen at the mid-band (20-day SMA) around $810.
The MACD remains in positive territory, with the MACD line above the signal line.
However, the narrowing histogram bars suggest momentum may be slowing, leaving room for consolidation.
BNB price chart with MACD. | Source: Trading View
TOKEN6900 Crypto Presale Raises $2.3M
BNB’s fresh all-time high has shifted attention toward new presale tokens, with projects like meme-inspired TOKEN6900 (T6900) drawing curiosity from traders.
Unlike traditional offerings, the token leans heavily into internet culture, characterized by humor, irony, and a playful defiance of conventional financial systems.
Rather than presenting a roadmap or long-term promises, T6900 takes its cues from the viral SPX6900 trend. It is more of a social commentary on modern investing behaviors than a conventional cryptocurrency project.
Presale Snapshot
Ticker: T6900
Current presale price: $0.00705
Funds raised so far: $2.33 million
Despite being a pure meme coin, the T6900 crypto presale has gained traction, raising over $2.33 million. The presale offers a 33% APY on staked tokens, attracting both yield-seekers and meme coin enthusiasts.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.