BNB Hits $1,028, New All-Time High Sparks Market Buzz

Key Insights:

• BNB set a new record high at $1,028, fueled by strong demand and rising trading volume.
• Analysts track next targets at $2,000 and $5,000, following breakout patterns from past cycles.
• Key support rests between $600–$700, keeping BNB’s bullish momentum intact above critical consolidation zones.

Binance Coin (BNB) has set a new all-time high, climbing to $1,028.01 before stabilizing near $1,021.13. The move took place within a 24-hour trading range of $975 to $1,028, showing continued upward strength.

The rally extends a steady climb that started in late August when BNB traded around $746. Over the past month, the token has gained more than 35%. On a yearly scale, BNB is up close to 79%, reflecting sustained strength over multiple timeframes.

Market Activity and Trading Data

Trading activity remains high. In the past 24 hours, about 296,837 BNB changed hands, equal to $296.7 million in trading volume. The order book shows demand outweighing supply, with 68% of trades on the buy side compared to 32% on the sell side.

Commentator Cas Abbé captured the sentiment around the milestone, stating: “$BNB Can’t stop, won’t stop. $1,020 A NEW ALL TIME HIGH.” The $1,000 zone is now being watched closely to see if it can hold as a strong support level.

Analyst Targets Extend to $5,000

Analyst Crypto Patel noted that BNB has entered a new stage of its cycle after surpassing key resistance levels. He explained, “$BNB is only 100% away from my $2000 target… And just 400% away from my $5000 target.”

The chart shared by Patel places target zones at $2,112 (TP1), $5,000 (TP2), and a more speculative $12,000 (TP3). Historical patterns show BNB has previously followed similar breakout and consolidation phases, with gains reaching over 1,600% in earlier cycles.

Key Support Zones and Price Outlook

BNB’s current setup points to the $600–$700 range as an important support area. This level served as resistance in earlier phases before becoming a base for the recent breakout. Holding above this zone maintains the bullish structure visible on long-term charts.

The token’s price today is $1,020.19, with a 24-hour trading volume of $2.27 billion. This represents a 4% increase in the last day and a 10% rise in the past week. Traders are now monitoring whether the current momentum can extend toward Patel’s projected levels within this cycle.