BNB Price Surges as Momentum Builds, Setting $1,300 Target

Key Insights:

• BNB rebounds above $900 support as buying momentum builds toward the $1230–$1300 target zone.
• Institutional investors continue accumulating BNB despite recent market volatility and price corrections.
• Technical indicators show improving strength, suggesting a possible bullish breakout for BNB soon.

BNB has begun to recover after several days of sharp selling, and traders are watching for its next possible breakout. Buyers are returning, and the price is showing early signs of renewed strength in the current session. Market analysts suggest that if this trend continues, BNB could aim for the $1,230–$1,300 range in the next bullish phase.

Growing Buying Interest as Market Stabilizes

BNB’s recent recovery comes after heavy selling pressure that pushed its value below the $1000 level. On November 3, BNB dropped by over 8% as the broader crypto market faced a substantial correction. Bitcoin also fell below $106,000, causing panic selling and triggering large-scale liquidations across exchanges. More than $1.3B in leveraged positions were cleared within a single day, which pushed the total market capitalization down by about $200 billion.

Despite the correction, BNB found support near $930, where buying interest began to rise again. Analysts note that traders are defending this level, anticipating a potential upward reversal. The 100-day moving average remains a key area to watch, while the RSI has entered the oversold zone, showing room for a technical rebound. If momentum holds, the next resistance points are expected at $980 and $1,050.

Institutional Accumulation Signals Long-Term Confidence

Institutional participation in BNB continues to grow despite recent volatility. Several public companies have expanded their BNB treasury holdings in recent months, showing confidence in its long-term value. Applied DNA Sciences recently announced a $58 million private placement focused on its BNB treasury strategy. Its Chief Investment Officer Patrick Horsman, said that BNB is viewed as a strong blockchain asset for institutional portfolios.

Data from CoinMarketCap shows that public companies now hold around 608,000 BNB tokens, valued at nearly $591 million. Among these, CEA Industries accounts for about 79% of the holdings, while Nano Labs holds the remaining 21%. This level of accumulation suggests that corporations are maintaining exposure to BNB despite market uncertainty. Their approach indicates a belief in Binance Chain’s continued relevance in the blockchain space.

BNB Technical Outlook Points Toward Renewed Upside

Technical charts indicate that BNB is trading near $960, above its immediate support level of $900. Analysts are watching whether bulls can maintain this level and push prices beyond near-term resistance. 

The 50-day exponential moving average, near $980, acts as the first level of resistance, while the next target lies at $1,050. If momentum strengthens beyond these levels, the price could advance toward the $1,230–$1,300 zone mentioned by market strategists.

BNB’s price movement reflects the broader market’s attempt to stabilize after a volatile week. While the coin remains below its recent highs, growing accumulation and renewed buying activity suggest a possible shift in sentiment. If buyers sustain control above $900, a continued upward trend may unfold over the coming sessions.