BNB Price Reclaims Key Support as Public Giants Announce Binance Coin Reserves — Eyes $800 Next?

Binance Coin (BNB) has been on a notable uptrend in the last four days as the fear of missing out (FOMO) for altcoin treasuries spills over to BNB. As of June 26, 2025, BNB price was trading at $648 with a slight 0.45% gain in 24 hours. The price is mirroring the 2024 bull run that led to the formation of an all-time high within one month after confirming a golden cross and reclaiming key support. With over $1 billion in Binance Coin reserve plans, can the altcoin soar towards $800?

Over $1B in Binance Coin Reserve Plans Fuel Positive Sentiment

Institutions are rapidly expanding their crypto exposure with altcoin treasuries, and Binance Coin has not been left behind. As CoinGape reported, Nasdaq-listed Web3 infrastructure firm Nano Labs plans to establish a BNB treasury with $1 billion worth of tokens.

Shortly after the Nano Labs announcement came out, several hedge fund executives announced plans to plan a $100 million BNB reserve. As CoinGape also noted, these executives are linked to Coral Capital Holdings and are looking to complete the fundraiser before the end of June.

These developments have been driving a positive market sentiment around the BNB token and promoting gains for the BNB price. Per Santiment data, the weighted sentiment for this token shot upwards between June 23 and June 24 before retreating yesterday.

When the weighted sentiment is rising, it indicates that there is a positive consensus among traders towards the Binance Coin price. This could trigger the next bull run, especially with the emergence of a golden cross signal.

BNB Price Reclaims Key Support as $800 ATH Rally Begins

Binance Coin price created a golden cross on the daily chart on June 16, when the 50-day SMA crossed above the 200-day SMA. Currently, BNB has reclaimed the 200-day SMA as support, and as long as this level holds, a rally could be imminent.

However, instead of starting the rally at the point of the golden cross formation, BNB price dropped in an apparent fakeout before resuming the upward trend. This price action since the golden cross formation mirrors the altcoin’s performance in October 2024. At the time, Binance Coin also formed a golden cross that triggered a fakeout drop before a strong rally ensued that led to the formation of an all-time high at $793.

For BNB price to repeat the same price action, it first needs to overcome the crucial resistance at the 50-day SMA level at $655. This was one of the conditions that the altcoin met in 2024 before the iconic rally.

For the RSI to support a bullish Binance Coin price prediction, it needs to cross above 50, and currently, it is tipping north. Looking at past data, this indicator is also at the same level that it was in November 2024 before the golden cross rally.

In summary, BNB price appears to be at a tipping point as the news around BNB reserves drives positive market sentiment. Meanwhile, the price performance is mirroring the November 2024 bounce after a golden cross signal emerged, suggesting that a rally is about to commence.