BNB Targets $900 After Hitting $868 ATH in Market Rebound
BNB is trading at $845 after a 1.5% gain, briefly hitting a record $868 high. Following a bearish start for the crypto market—Bitcoin dropping to $115k level, Ether below $8,200—altcoins including BNB have recovered, moving into positive territory. Technical indicators for BNB remain bullish: RSI at 54, MACD lines in the buy zone, suggesting strong buyer control. If momentum holds, BNB could surpass $868 in the next hours and target $900, with analysts eyeing a medium-term $1,000 mark. Nonetheless, failure to sustain gains may see a retest of Monday’s low at $818 or a drop to the trendline near $793. Positive sentiment around Binance’s daily trading dominance underpins BNB’s outlook as broader market recovery gains pace.
Bullish
BNB’s rebound above $840, coupled with bullish RSI and MACD signals, points to sustained upward momentum similar to previous post-correction rallies. When altcoins regained ground earlier this year, BNB broke past its ATH as buyers stepped in at support levels. The RSI level around 54 leaves room before overbought territory, and the MACD alignment signals trend continuation. Should BNB clear the $868 barrier, $900 and even $1,000 become realistic near-term targets. Historically, Binance Coin’s strong daily volume and exchange utility have amplified its rallies during market recoveries. In the short term, traders may ride the bullish momentum, while long-term holders can view dips toward $818–$793 as buying opportunities. Overall, technical and fundamental factors align for a bullish outlook.