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The BNB price surged 5% in the past 24 hours to trade at $1,087.26 as of 3:48 a.m. on trading volume that rose 43% to $3 billion.
This comes as the native token of the Binance exchange hit a new all-time high (ATH) of $1,111, according to Coingecko data.
That milestone comes amid growing network activity and technical factors that are fueling strong market momentum.
On the regulatory front, Binance is on the verge of a deal with the US Department of Justice to drop compliance monitoring, following its $4.3 billion settlement earlier this year.
The network has also recorded over 70 million active addresses with its highest-ever net inflows.
哈喽 #BNB Something bigger is happening on @BNBCHAIN and most aren’t ready for it.
$196B DEX volume
70M+ active addresses
Highest-ever net inflows
Public companies adopting BNB as a treasury asset
Ticker changing to BNC on NASDAQ
Government-backed stablecoin plans via… pic.twitter.com/Lkg0rJOUgr— AB 🔶 BNB (@Abrlien) August 6, 2025
Data from Coinranking also shows that the meme coin frenzy in the Binance ecosystem has picked up, as the total market capitalization rose 2% to $21 billion.
BNB Price Action Builds Strength Within Bullish Channel Formation
The BNB price has been consolidating in a bullish structure that has captured market attention over the past few months.
Following a long period of sideways movement earlier in the year, the Binance Coin price began trending upward in June and has since maintained momentum inside a well-defined rising channel.
The daily chart shows that the price of BNB has recently broken above the $1,000 level and now hovers near $1,087, consolidating gains close to the top boundary of the channel.
The Fibonacci retracement levels suggest that the breakout above the 0.236 level at $999 has added fuel to the bullish narrative, while higher levels such as the -0.618 Fibonacci extension near $1,400 are coming into focus as possible upside targets.
Both the 50-day Simple Moving Average (SMA) at $919 and the 200-day SMA at $727 are well below the current BNB price, further reinforcing the strength of this trend.
With the golden cross ($651) already in play, the slope of both SMAs remains positive, underscoring the strong underlying demand. The recent pullbacks have been shallow, consistently finding support at or near the midline of the rising channel, a signal that buyers continue to dominate the market currently.
Binance Coin Price Targets A New ATH Above $1,390
The Relative Strength Index (RSI) currently sits at 67.7, just below the overbought threshold of 70, which indicates strong bullish momentum for the Binance Coin token.
Furthermore, the Moving Average Convergence Divergence (MACD) indicator also cements the bullish stance. The blue MACD line remains above the orange signal line, with the histogram showing positive momentum.
Additionally, the Chaikin Money Flow (CMF) indicator is at +0.12, a clear sign of capital inflows into BNB, which strengthens the case for sustained buying interest.
BNB appears poised for further upside. If the bullish channel holds, the next resistance lies around $1,110, a psychological barrier that aligns with the Fibonacci pivot.
A successful breakout above that region could propel the BNB price toward the projected target near $1,399, marking an approximate 28% move higher. On the downside, the $930 and $875 levels serve as important supports in case of corrections.
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