Binance Coin Price Prediction: New ATH at $850.78 Sparks Momentum for Further Gains

Binance Coin (BNB) achieved a significant price milestone after surpassing the $850 mark for the first time. The sharp climb followed a consistent pattern of accumulation, triggering market-wide attention.

The breakout, which occurred on July 28, marked a fresh all-time high, reinforcing growing interest in top-tier altcoins. At the time of writing, indicators on the daily chart continue to reflect strong momentum.

Intraday Breakout Pushes BNB to $850.78

The 1-hour chart published by CoinGecko (@coingecko), a widely followed crypto analytics platform, shows a parabolic surge in Binance Coin’s price. Beginning at approximately $843.90 around 09:50 AM, BNB rose steadily to an all-time high of $850.78 by 10:39 AM.

The upward curve formed without notable pauses or consolidations, indicating accelerated buying pressure during a narrow window.

Source: X

CoinGecko reported a trading volume of $2.51 billion at the time of the new peak, further supporting the price spike. The absence of overhead resistance and minimal price pullbacks throughout the climb suggests the move was driven by significant demand, potentially linked to whale or institutional accumulation. Traders often associate this type of movement with price discovery, especially when previous resistance levels are surpassed.

The rapid nature of the price action raises the possibility of short-term volatility, particularly as traders react to profit-taking opportunities. However, if BNB maintains support above the $840 level, this breakout could lead to the establishment of a new price base.

This scenario would strengthen the case for a sustained uptrend in the upcoming sessions, particularly if volume remains elevated.

Volume-Supported 24-Hour Rally Reflects Strong Buyer Activity

Over the broader 24-hour period, BNB climbed from under $800 to $842.21. The trend began late on July 27 and accelerated overnight, following a linear path with few signs of fatigue. This movement aligns with a broader recovery in the crypto market, although BNB’s performance outpaced many peers due to its large market capitalization and relatively low volatility profile.

Source: BraveNewCoin

Volume data underscores the strength of this rally, with reported trading activity reaching $2.41 billion during the same period. The close alignment of volume and price action suggests the rally is built on steady accumulation rather than short bursts of speculative buying. Sustained interest in the token is evident from the rising volume bars, indicating persistent demand as the price broke through resistance near $800.

With a market capitalization of $117.3 billion and a circulating supply of approximately 139.3 million BNB, the asset remains one of the top five cryptocurrencies by size. The clear upward trajectory, when supported by high and consistent volume, suggests that BNB may be entering a longer-term accumulation phase. Traders and analysts are watching for signs of consolidation or continued momentum around the $855 region.

Technical Indicators Signal Strong Market Participation

On the daily timeframe, BNB was last recorded at $840.90 after reaching a high of $855. The chart displays a structured uptrend, characterized by a sequence of higher highs and higher lows.

This breakout continues a trend that began in mid-June, following months of consolidation around the $620 level. The sustained bullish candlesticks show minimal retracement, reflecting strong control by buyers.

Source: TradingView

The Chaikin Money Flow (CMF) indicator, currently at +0.30, points to strong capital inflow and continued accumulation. The upward slope of the CMF over recent weeks supports the idea of investor participation, with values well above the neutral zero line. Historically, a CMF above 0.20 indicates durable buying pressure.

The Bull and Bear Power (BBP) indicator is also at elevated levels, reading 143.1. This figure signals dominant bullish sentiment and increasing price momentum. The expanding BBP histogram bars suggest that the trend remains intact and may persist unless interrupted by external factors. If the price remains above $800, analysts expect a potential continuation toward new resistance levels.