Key Insights:
- BNB price breaks $1,200 with strong buying interest and rising trading volume across major exchanges.
- Monthly active addresses on the BNB Chain hit 60 million, doubling since the start of 2025.
- Traders eye resistance at $1,245 while support holds firm near $1,185 and $1,125 levels.
BNB has moved above the $1,200 mark, reaching a high of $1,216.8. At the time of reporting, the price was around $1,210.13, showing a 3% gain over the past 24 hours and nearly 20% growth this week. This breakout reflects a strong move after weeks of steady climbing from the $990 range.
Since the start of October, BNB has formed higher lows and pushed through previous resistance levels. The trend remains positive, with buyers showing interest around key support zones. The breakout was also accompanied by an increase in trading volume, which reached nearly $2.86 billion in 24 hours.
Network Activity Surges as User Growth Doubles
Recent blockchain data shows that monthly active addresses on BNB Chain have nearly doubled in 2025, reaching close to 60 million. The increase includes users on both BNB Chain and opBNB, with the latter seeing steady growth since early this year.
Data from Token Terminal confirms that both chains are contributing to rising network usage. Crypto Patel commented, “$BNB Chain just hit a new milestone,” referencing the growth in wallet activity. This rise in users adds weight to BNB’s upward price movement, showing stronger demand on-chain.
Key Levels to Watch: Support and Resistance Zones
BNB now faces short-term resistance around $1,244, which matches the 0.382 Fibonacci retracement level. This price area has acted as a reaction point in the past. If BNB can close above this level, it may continue moving toward the next major target.
On the downside, the chart shows nearby support around $1,185 and $1,125, which correspond with the 0.5 and 0.618 Fibonacci levels. Moving averages on the 1-hour chart also point upward, with the 7, 25, and 99-period lines all trending higher. These support zones will be important if there is a pullback.
Traders Cautious as Price Nears Resistance
While the current trend is bullish, some traders are watching closely for signs of reversal
BNB continues to climb, supported by strong trading activity and growing user adoption. Whether this uptrend holds depends on price action around the $1,245 area and how the market responds in the days ahead.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/bnb-hits-1200-can-it-keep-soaring/