Binance Coin Bulls Eye $1,500 as TVL and Active Addresses Surge

Binance Coin continues its upward momentum, currently priced at $833.94, despite a slight 0.48% dip. Over recent months, the asset has showcased strong bullish signals, recently hitting $869.40 before a minor pullback.

Analyst insights from Altcoinpedia highlight Binance as a leader in the altcoin market rally, with a potential surge to $1,500 driven by bullish RSI indicators and increasing buying pressure. The coin’s price has consolidated around $825–$840, with key support levels at $825, suggesting a critical breakout or correction soon.

Additionally, its Chain’s Total Value Locked (TVL) has surged to $13.4 billion, marking the highest level since 2022, signaling robust ecosystem growth. Active addresses on the Chain remain strong, reinforcing confidence in its potential for sustained price growth.

Binance Price Movement: Consolidation After Recent Surge

Binance Coin has experienced a notable upward movement recently, with the current price standing at $833.94, reflecting a 0.48% decline. Over the past few months, the asset has shown strong bullish momentum, reaching a peak of $869.40 before facing a minor pullback. The chart illustrates a consistent upward trajectory, supported by solid trading volume.

BNBUSD 24-Hr Chart | Source: BraveNewCoin

The 24-hour price chart shows slight fluctuations, with the coin hovering between $825 and $840. The volume has remained steady at $1.48 billion, signaling significant market activity without any overwhelming buying pressure. This trend indicates that the coin is consolidating after a brief rally, which may lead to a more decisive move in either direction. A breach of the $840 level could signal further price increases, while a drop below $825 might suggest continued correction.

BNB’s Ultra-Bullish Chart Pattern

According to analyst insights from Altcoinpedia, the token’s chart displays an ultra-bullish pattern on its monthly chart. The coin’s RSI indicators across multiple timeframes (6, 12, and 24) show strong bullish momentum, suggesting that it is well-positioned for continued growth. Moving averages also indicate rising buying pressure, supporting the idea that a breakout toward higher price levels may be on the horizon.

BNBUSDT 24-Hr Chart | Source:x

Analysts have raised their price target, predicting a potential surge toward $1,500. This would represent a significant rally, driven by sustained market confidence and strong technical indicators. The coin’s price growth is supported by increasing adoption and steady price action, suggesting the current dip may present a buying opportunity.

BNB Chain’s Strong Growth Indicators

The total value locked (TVL) on the Chain has surged to $13.4 billion, marking the highest level seen since 2022, as suggested by analyst CryptoRank. This increase reflects the growing confidence in the ecosystem, which has attracted more capital and users. The Chain’s impressive growth in TVL is a critical factor contributing to the strength of the Coin, with active addresses remaining at 14 million for nine consecutive weeks. This consistent engagement demonstrates the chain’s resilience and growing user base, reinforcing the bullish outlook.

BNBUSD Chart | Source:x

The relationship between the Chain’s TVL growth and the price strength of its native token is clear. As more capital flows into the ecosystem, the price has remained close to its all-time high, with only a 3% drop. This indicates that the market continues to have strong confidence in the future of the Coin, positioning it for further growth. The surge in TVL and active addresses is a clear indication of a thriving ecosystem that is contributing to its price strength.

Market Sentiment and Its Future Potential

With the cryptocurrency market recovering from recent setbacks, it is poised to capitalize on its strong fundamentals. While many cryptocurrencies have faced price pullbacks from recent highs, it has managed to maintain its bullish trend, with only a minor correction in price.

As the Chain continues to attract more users and investment, the price is likely to see further upward momentum. With the ecosystem showing strong growth, it remains a top contender in the altcoin market, and the bullish outlook for the coin points toward a potential rise to $1,500 soon.