Sign Up on MEXC
Highlights
- Binance Coin price might soar to $1,000 if it overcomes the resistance created at the $809 all-time high.
- However, the price will only gain if it can establish strong support at $743.
- Institutions are driving the BNB price rally after Windtree's $520M fund brought all BNB treasuries to $1.52 trillion.
Binance Coin (BNB) has gained by 1% today, July 25, to trade at $770. BNB’s rally took a breather after hitting a new high at $809 earlier this week. Even so, the jump in BNB treasuries to $1.52 billion has traders watching whether the Binance Coin price might still have a shot at reaching $1,000.
Binance Coin Price Maps Path to $1,000
Despite dropping in price, BNB price remains in a rising channel. Right now, the price is 4.9% below $809, which has become a resistance. If Binance Coin can push through this level, it could open the door for a strong move up to $1,000
However, this surge might not happen soon because selling volumes have picked up since the ATH, but remain below the extremes seen in mid-February. This Binance Coin price rally to $1,000 will only be fueled by buyers, the same way it happened earlier this week.
The DMI is still in favor of buyers, but the gap between the lines is becoming small. In other words, bulls are still ahead, just not by much. This situation shows a mixed picture. Buyers are still hanging on, but the gains are not happening with the same speed they did before.
If BNB price starts to drop now, it might find some support at $743. But if it moves below the 50-day SMA, some traders might start to get cold feet. However, $743 is the first spot where the price could get a breather if things cool off.
This outlook shows how BNB will perform in the short term. Looking further out, the Binance Coin price forecast for between 2025 and 2030 offers a bigger-picture view of what the next few years might look like.
Nasdaq-Listed Firms Grow BNB Treasuries to $1.52B
One of the things that are standing out about the Binance Coin price performance is the interest coming from institutions. On July 24, Windtree announced $520 million in funding, where 99% will be used to buy BNB.
These coins have been bought just a short time after Nano Labs bought $90M BNB, a move that drove speculation that $1,200 might not be very far away. These two situations might be the fuel needed to take it to $1,000.
Interestingly, the BNB Chain also has the most addresses, even if most of these are from those using stablecoins. That activity might give BNB price the nudge it needs to get to $1,000.
To sum up, the Binance Coin price is holding well even when the rest of the market is in the red. This is being assisted by big companies adding it to their treasuries. While $1,000 seems far, BNB might remain the best pick for bullish traders because institutions are not stepping aside at the top.
Frequently Asked Questions (FAQs)
1. Can Binance Coin price reach $1,000?
2. How will BNB treasuries affect Binance Coin?
3. What is the key support for BNB?
- Fidelity, Grayscale, VanEck Dump Ethereum Amid ETH Price Crash
- Ethereum Treasury Firm SharpLink Confirms Compliance Amid Nasdaq Oversight
- Trump Media Acquires 684M CRO for Cronos Treasury, Strikes Deal with Crypto.com
- SEC and CFTC To Host Roundtable To ‘Harmonize’ Regulatory Frameworks for Crypto
- Hyperliquid Announces Plans to Launch USDH Stablecoin, HYPE Price Climbs
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
- ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?
- Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?
- ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?
- Dogecoin Price Forecast as REX Osprey ETF Sparks Hype — Is $5 Within Reach?
