BNB Hits a New All-Time High at $950

Key Points

• BNB reaches record high of $954.34 with a 3.95% daily gain and strong buying pressure.
• Market cap hits $132.81B as trading volumes surge across spot, futures, and derivatives markets.
• Bull flag breakout signals potential rally toward $1,039–$1,062 amid strong technical momentum.

BNB surged to a new all-time high of $954.34 on September 16, surpassing previous resistance with strong buying momentum. The rally pushed the token’s value up 3.95% in 24 hours, with price last trading near $955.28.

Intraday performance showed steady gains, starting from around $918.25 before a sharp breakout above $950 set fresh record levels. This climb marks a remarkable milestone compared with its all-time low of $0.09611 in August 2017.

Market Activity Highlights Strong Participation

BNB’s market cap now stands at $132.81 billion, supported by a circulating supply of 139.19 million tokens. Trading activity has intensified, with futures volume reaching $1.61 billion and spot volume totaling $239.50 million in 24 hours.

Open interest of $1.76 billion highlights significant derivatives activity, confirming increased participation in BNB’s current rally. Long/short ratios show mixed sentiment, with Binance accounts at 1.40 signaling bullish positioning, while OKX ratios lean toward shorts at 0.57.

Performance metrics remain strong across timeframes, showing +8.77% weekly growth and +13.81% over 30 days. Longer-term gains are even higher, with +47.30% in 90 days, +54.26% in 180 days, and +72.44% over one year.

Technical Indicators Point to More Upside

BNB’s 4-hour chart shows a bull flag breakout pattern projecting a short-term price target of $1,039 to $1,062. The measured move indicates potential further upside of about 12.57% if momentum continues.

The MACD indicator signals strength, with the MACD line crossing above the signal line and histogram bars shifting positive. This crossover suggests renewed buying pressure after a brief pullback earlier in the session.

RSI readings near 71.7 show BNB trading above overbought levels, reflecting strong demand but signaling possible near-term consolidation.

BNB’s climb underscores its importance within the Binance ecosystem, where it powers trading fees, smart contracts, and DeFi activity. With liquidity and momentum supporting price action, BNB’s breakout strengthens its position among the top-performing digital assets.