BNB Surges Past $800 – Can the Rally Push to $1,000?

By Afe Funbi

eToro

Key highlights:

  • BNB price has broken above $800, it also reached its highest weekly close since May 2024, supported by strong trend continuation and volume pickup.
  • Technical structure remains bullish with $740–$760 as a key support zone and $880–$960 as the next resistance band.
  • Monthly active addresses on BNB Chain surged past 33 million, pointing to rising on-chain usage beyond speculation.

BNB price prediction: Bulls now target $1,000 after breakout to new all-time high

BNB is back in the spotlight after breaking above the $800 mark for the first time. The move follows weeks of bullish structure and growing momentum on both technical and on-chain fronts. 

Traders are now watching the $1,000 level, which could come into play if buyers continue to step in. This breakout has flipped the medium-term trend into a clear uptrend, with volume improving and key resistance zones turning into support. 

The structure is starting to resemble the early stages of previous bull runs, but short-term levels will determine whether the BNB price move continues or stalls.

BNB daily chart shows a breakout above the multi-month range

Looking at the daily chart, BNB spent months moving between key resistance zones before the latest push. BNB price was stuck under a wide range from $580 to $740, but momentum began to shift in June.

That reversal came after BNB broke the downward trendline that had been set in the second half of 2024. Once it broke through that trendline, BNB started printing higher highs, breaking through resistance at $620, $660, and finally $740.

BNB price has now touched $804, closing the week near $792, its highest weekly close since May 2024. That move confirmed a breakout from the long accumulation phase and flipped the $740–$760 area into short-term support. Traders will be watching this zone closely in case of a pullback.

The structure of the breakout is clean: higher lows, clean retests, and consistent candles. The move looks controlled, not impulsive, indicating that it could sustain if market conditions stay supportive.

BNB weekly chart confirms bullish continuation

On the weekly chart, BNB launched off the $700 level and never looked back. BNB price surged past $740, then made a quick push through $780, ending the week above $790.

This breakout followed multiple rejections at the same levels earlier this year, so the reclaim gives bulls new confidence. Volume has also increased, although it’s not yet at parabolic levels, which may leave room for further upside.

There’s a clear demand zone between $740 and $760. That area overlaps with previous resistance and lines up with Fibonacci support levels. A dip into that range could offer a buy-the-dip opportunity if momentum slows down.

Traders are now watching for a potential move toward $880–$960. That’s the next supply zone before BNB price tests the round-number resistance at $1,000.

Monthly BNB chart shows breakout from 2-year consolidation

BNB monthly chart reveals a bigger picture. The asset has broken above a two-year accumulation range between $200 and $650. The move through $800 confirms the first new all-time high since early 2024.

The chart also shows BNB recovering from four major crashes, including drawdowns of over 80% in 2018 and 2020, and 75% in 2022. Despite that volatility, BNB has maintained its uptrend across multiple cycles.

BNB price targets now being circulated by long-term traders include $1,500, $2,600, and even $5,000. These are based on proportional growth from previous breakouts. 

In the last major run, BNB surged over 279% from its base. A similar move from the $650–$800 range could put the price well above $2,000.

BNB Chain’s active user base is growing fast. Data from Artemis shows that monthly active addresses have reached over 33.9 million, more than doubling in two months. That jump in usage indicates that real demand is propelling the current rally, and not speculation.

For the present, the crucial level to watch is the support at $740–$760. If that holds firm, the setup is bullish. Above that, the next immediate resistance zone sits at $880–$960. A clean move through that band puts $1,000 in sight.

Key levels to watch next

For BNB price, the $740–$760 zone on any pullback might set the stage for the next higher leg. If momentum continues above $960, then the $1,000 level is the next psychological level to watch out for.

Investors are monitoring sentiment on social media like X (Twitter), where there has been increased activity around BNB post-breakout. If things continue and Bitcoin does not fall, BNB can look forward to an entire ride to $1,000 prior to the end of Q3.

Source:: BNB Surges Past $800 – Can the Rally Push to $1,000?