Quick overview

Live BNB/USD Chart

---

[BNB] continued to perform well throughout the month, hitting a record high today, despite falling from its peak. BNB surged to $900 on Sunday, indicating a bullish breakout with immediate support at $850.

Traders are now targeting $2,100, $5,000, and $12,000 in the coming quarters amid high interest.

Binance Coin reached a new all-time high thanks to strong Fibonacci support levels, an ascending channel pattern, and increased trading volume. Market participants cite stronger on-chain activity and growing ecosystem utility as the main reasons for the breakout.

Chart patterns suggest that BNB may experience a brief dip before aiming for new highs, even with its bullish outlook. The range of $855 to $850 is the first support zone; if the market dips into this area, it might rally again and potentially reach a new all-time high.

The recent record high makes the 4-hour BNB/USD chart bullish and efficient. As efficiency increases, BNB may be preparing for further gains.

The RSI of 59 indicates BNB is not yet overbought, and the MACD lines in positive territory signalled a bullish momentum. Currently, the price of BNB is $862, a 2% decrease from its peak. If the rally continues, BNB could surge to the $1000 mark soon..BNB may also test the $1.1K level for the first time in its history.