BNB Coin Price Hits New All-Time High

• BNB coin price hit a new all-time high of $882.59, targeting the $900 mark.

• BNB indicators are in the positive zone, suggesting buyer dominance.

Binance Coin (BNB) has shown a very strong performance in the past few weeks, setting a new all-time high of $882.59 according to CMC data. This movement reflects fundamental changes in the Binance Smart Chain ecosystem, driving long-term institutional and retail demand.

The technical outlook for BNB is bullish across all time frames. The Relative Strength Index (RSI) remains in positive territory, indicating that the ongoing rally may continue without encountering major technical resistance.

Moreover, the MACD is trading positively, confirming a bullish trend. This crossover typically signals the beginning of long-term upward trends, especially given the high volume profile recorded during this breakout period. The MACD’s positive trend suggests further price growth is anticipated in the near future.

What’s Next for BNB Price?

Source: Tradingview

Market sentiment around BNB has shifted positively, driven not by hype but by tangible progress. The Total Value Locked (TVL) in the Binance Smart Chain has reached $7.571 billion, the highest since 2023, indicating significant capital investment and ecosystem expansion.

This consistent capital inflow and rising active addresses over nine weeks suggest user engagement that often precedes prolonged price rallies.

Technical indicators also indicate a strong buy signal, with 206 indicators showing 2 on the sell side, 8 neutral, and 16 on the buy side.

The next logical target for BNB is $900, a 7% increase from current levels. This target aligns with Fibonacci extension levels, providing traders with a favorable risk-reward setup. With positive momentum indicators and robust fundamental support, the environment appears conducive for BNB to challenge this resistance level in the coming weeks.