BNB is currently trading around $1,085, showing a daily gain of approximately 2.05%, with a market capitalization of $151.02 billion and a 24-hour trading volume of $4.5 billion. The token has maintained strong support at the $1,000 level, and analysts, including CryptoPatel, suggest that holding this support could trigger a bullish wave toward $2,000. BNB has surged over 332% from earlier lows in 2025, reflecting a robust long-term uptrend characterized by higher highs and higher lows within an ascending channel.
Technical indicators support this optimistic outlook, with the RSI at 47.16 and the MACD histogram in neutral territory, indicating room for further upward movement. Momentum has stabilized following recent corrections, and smart money accumulation is evident, reinforcing confidence in the token's structure. Key resistance is noted at $1,217, and a breakout above this level could validate the bullish bias, potentially leading to targets of $1,400 and beyond.
Network activity on the Binance Smart Chain (BSC) has also surged, reaching an all-time high of 3.62 million daily active addresses on October 13, as reported by Kamran Asghar. This increase correlates with price strength and highlights growing ecosystem adoption, supported by developments like the opBNB Layer 2 rollout. BNB remains the fourth-largest cryptocurrency by market cap, with institutional investors continuing to accumulate positions, suggesting sustained long-term growth potential.
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