BNB Reaches New All-Time High of $882 with 20% Trading Volume Increase
BNB has reached a new all-time high of $882, surpassing the previous record of $864 set last week. Currently, it trades around $851, reflecting a 3% daily gain. Key points include:
- 20% increase in 24-hour trading volume to $3.51 billion
- Analyst Bitbull notes BNB flipped resistance at $750 into support, predicting $1,000 is likely
- Last major price surge occurred in 2021 with over five times growth in 15 days
Growing Institutional Interest and ETF Speculation
Recent trends show increasing institutional interest in BNB:
- Nasdaq-listed BNC aims to acquire 1% of the total BNB supply by the end of 2025
- Windtree Therapeutics purchased $60 million worth of BNB
- Potential SEC approval of BNB ETFs could attract significant institutional capital
- HashGlobal projects BNB may reach $2,000 by year-end if ETF approvals occur
BNB's utility in DeFi and exchange operations continues to bolster positive sentiment.
BNB Price Outlook
Current technical indicators suggest:
- RSI indicates bullish conditions but not overbought
- Price near upper Bollinger Band suggests upward pressure
- Support level at $750; potential rally targets at $920 and $1,000
- MACD remains positive, but momentum appears to be slowing
BNB price chart with RSI and Bollinger Bands. | Source: Trading View
TOKEN6900 Crypto Presale Raises $2.3M
The recent BNB all-time high has shifted focus to new presale tokens like TOKEN6900 (T6900), which emphasizes internet culture and humor rather than traditional investment strategies:
- Ticker: T6900
- Current presale price: $0.00705
- Funds raised so far: $2.33 million
T6900 has gained traction as a meme coin, offering a 33% APY on staked tokens, appealing to yield-seekers and meme enthusiasts alike.