BNB Could Target $969.59 Fibonacci Level After $908.93 All‑Time High as Institutional Demand and Auto‑Burn Tighten Supply

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  • BNB reached $908.93 ATH; 1.618 Fibonacci target is ~ $969.59.

  • Negative correlation with Bitcoin and rising institutional demand strengthen independent momentum.

  • Daily volume near $2.4B and auto-burns are tightening supply; market cap around $126B.

BNB price: Binanсe Coin reached $908.93 ATH; watch the $969.59 Fibonacci target — read the analysis and outlook from COINOTAG.

What is the current BNB price outlook after the new ATH?

BNB price has established a fresh all-time high at $908.93 and shows continuation potential, with the 1.618 Fibonacci extension near $969.59 acting as the next technical objective. Volume expansion, institutional purchases, and supply-reducing auto-burns underpin the bullish structure.

How did BNB break out and which levels matter next?

BNB extended its breakout after clearing key resistance levels. The 1.272 Fibonacci extension at $801.46 functioned as a support pivot during the move higher. With historical resistance near $620, $587 and $465 converting to support, technical structure indicates limited resistance above the current price. The immediate extension target is ~ $969.59 (1.618).

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BNB hits $908.93 ATH with momentum intact, next Fibonacci target at $969.59, supported by liquidity, institutional demand, and supply reduction.

  • BNB reached $908.93 ATH, with the next key Fibonacci target set near $969.59.
  • Negative Bitcoin correlation strengthens BNB’s independent momentum and rally potential.
  • Institutional demand and auto-burn mechanisms reinforce liquidity and long-term supply reduction.

Binance Coin (BNB) recorded a new peak at $908.93 versus Tether, preserving upward momentum after the breakout. Price action and volume profile suggest an orderly rally with few technical impediments above the current level. The next significant Fibonacci extension is near $969.59, which traders will watch as the primary short-term target.

Why do volume and market structure support further BNB gains?

Volume expanded alongside the breakout, reinforcing conviction. Daily trading volume measured near $2.4 billion even after a session-on-session decline, while market capitalization sat around $125.99 billion with circulating supply roughly 139.18 million tokens. Moving averages on weekly timeframes (50, 100, 200-week) trend higher, indicating institutional and longer-term buyer participation.

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On-chain indicators and market participants show growing interest. A negative correlation coefficient with Bitcoin has been observed, indicating partial decoupling: while Bitcoin pulled back, BNB gained more than 10% over 30 days in recent weeks. Institutional flows—publicly reported treasury allocations and collaborations between asset managers and exchange-related products—have increased BNB’s liquidity profile and reduced effective supply pressure.

The weekly structure shows higher lows and higher highs, supported by upward-sloping moving averages. Former resistance bands around $620–$465 now act as demand zones, which improves the probability of sustained momentum on higher timeframes.

Volume metrics reported by major market aggregators show broader participation even as short-term volatility rises. On-chain treasury additions and large-scale buys by corporate treasuries are reported to have added meaningful liquidity; these events, combined with BNB’s quarterly auto-burns, contribute to a tighter long-term supply profile.


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Source: https://en.coinotag.com/bnb-could-target-969-59-fibonacci-level-after-908-93-all%E2%80%91time-high-as-institutional-demand-and-auto%E2%80%91burn-tighten-supply/