Be part of Our Telegram channel to remain updated on breaking information protection
The BNB worth plunged 3% up to now 24 hours to commerce at $1,033 as of 1:02 a.m. EST after hitting an all-time excessive (ATH) of $1,079 yesterday.
Nonetheless, Binance founder Changpeng Zhao, aka CZ, stated on X that “Possibly we haven’t hit actual bull market but” after BNB climbed greater than 10% through the weekend.
or possibly we have not hit actual bull market but? 😆
— CZ 🔶 BNB (@cz_binance) September 21, 2025
Analyst Rain on X stated that BNB might nonetheless soar to increased highs, pushed by unstoppable demand.
BNB is exhibiting actual power.
Regular climb, increased highs, unstoppable demand. $BNB ripped from $500 to $1K+ in simply months. September marked a historic month for BNB, hitting new all time highs.
Wanting forward, I’m nonetheless bullish.
New ATHs are on the horizon.… pic.twitter.com/dbXiiQAdyj
— Rain (@raintures) September 21, 2025
In the meantime, the Binance ecosystem’s market capitalization climbed 1% within the final 24 hours to achieve $8 billion, with buying and selling quantity additionally surging to $8 billion amid a meme coin frenzy on the BNB Chain.
After CZ’s GiggleAcademy acquired 90% of donations from a meme coin, CZ stated, “It will endlessly change my notion of meme cash. Meme cash have utility!”
BNB Value Breaks Into Fifth Wave Rally As Bulls Eye Resistance
The BNB worth has been on a exceptional bullish run all through the previous few months, with the chart now clearly forming an Elliott Wave sample that means it’s within the fifth and closing impulse wave.
After consolidating by the primary half of the yr, the Binance Coin broke above its main shifting averages and has surged into a powerful uptrend. The Fibonacci retracement ranges present key help zones, with the 0.5 degree round $861 and the 0.618 degree at $809 serving as crucial ranges in case of a pullback.
At the moment, the worth of BNB hovers round $1,033 after reaching an area excessive close to $1,079, exhibiting indicators of cooling off whereas nonetheless in bullish territory.
The dramatic surge has persistently positioned the worth of the Binance Coin above each the 50-day and 200-day Easy Shifting Averages (SMAs).
Binance Coin Indicators Sign Overheating: Can Bulls Maintain The Push?
The Relative Energy Index (RSI) is exhibiting an overbought sign at 74.55, suggesting that BNB is closely stretched to the upside and weak to a short-term correction.
Equally, the Shifting Common Convergence Divergence (MACD) stays in bullish territory, with the blue MACD line above the sign line, confirming momentum continues to be with the bulls.
BNB faces rapid resistance round $1,079, the place the fifth wave seems to be topping out. A failure to interrupt decisively above this degree might set off a corrective section, with attainable retracements towards $977 (Fib 0.236) or $913 (Fib 0.382).
The Chaikin Cash Move (CMF) stays constructive at 0.09, exhibiting that capital inflows are nonetheless supporting the development.
If this bullish momentum extends, the Binance Coin worth could push past $1,100 earlier than encountering stronger promoting stress.
In keeping with knowledge from CFGI, the BNB Concern and Greed Index is presently at 81, exhibiting ”excessive greed.”
Associated Information:
Finest Pockets – Diversify Your Crypto Portfolio
- Straightforward to Use, Characteristic-Pushed Crypto Pockets
- Get Early Entry to Upcoming Token ICOs
- Multi-Chain, Multi-Pockets, Non-Custodial
- Now On App Retailer, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Month-to-month Lively Customers
Be part of Our Telegram channel to remain updated on breaking information protection
