BNB Surges to All-Time High of $1,223 Amid Market Rally
BNB's Market Surge:
- BNB reached a new all-time high of $1,223, maintaining strength above $1,200 as bullish momentum continues.
- The price increase is driven by strong demand within the Binance ecosystem and increased on-chain activity.
- Projections suggest potential targets of $1,300–$1,400 if momentum persists.
BNB Chain Activity Record
- BNB Chain’s monthly active addresses hit 60 million, marking a major milestone for the network.
- This growth reflects expanding user activity in decentralized applications and DeFi protocols.
- The surge in active users supports BNB's recent price rally, indicating genuine network engagement.
Price Analysis
- BNB consolidates above $1,200 after reaching a high of $1,223.
- The 4-hour chart shows a bullish structure with higher highs and lows since late September.
- The breakout above $1,175–$1,180 could lead to targets of $1,250–$1,300.
- Momentum indicators show strong buying pressure but caution traders about potential short-term pullbacks.
- As long as BNB stays above its 50-day moving average, the broader market outlook remains bullish.
