July marked a month of all-time highs for the price of BNB, which reached $859 and surpassed resistance levels that had stood for several years. Meanwhile, Binance also set new records, with the spot volume of Bitcoin on the world's largest exchange increasing sharply during the month.
At the time this article was written, BNB was trading at $792, with daily gains of 0.8%, weekly gains of 1.6%, and monthly gains of 22.4%.
On July 28, Binance Coin (BNB) reached a new all-time high of $859.50. Driven by growing institutional interest, the coin continues to gain strength. Several analysts project that BNB could reach $1,000 soon.
It is also worth noting that BNB has shown lower volatility than other altcoins, partly thanks to Binance's quarterly token burn program and the steady growth of the BSC ecosystem.
FOMO and highly optimistic forecasts emerged quickly after the new all-time highs:
BNB is below its previous all-time high, being the only altcoin from the 2017 cycle to reach a new all-time high in 2025, demonstrating its true value. I expect a recovery to $860 for more gains. I believe $1,000 is likely in the third quarter and between $1,600 and $1,800 in the fourth quarter.
The cryptocurrency ecosystem is becoming stronger: bilateral agreements, record purchases, and signs of growth.
Bullish and bearish factors for the price of BNB in August
Several factors are emerging on the horizon that could act in favor of or against the price of BNB in August.
On the other hand, a decrease in inflation in the US could lead to new increases in the price of Bitcoin. This, in turn, would pave the way for a rate cut by the Federal Reserve (Fed), which would have a direct impact on the entire cryptocurrency market.
Although inflation has begun to moderate, the process is advancing slowly. The Fed has not yet given clear signals that it will conclude its monetary tightening cycle, so it is expected to maintain a cautious stance in the coming months.
Another positive aspect for BNB is the growing institutional interest. Companies like Windtree Therapeutics and Nano Labs have begun to include BNB in their corporate reserves, with investments already totaling hundreds of millions of dollars. This movement reinforces the perception of the token as a strategic asset and could sustain buying pressure if this trend continues.
Regarding risks, various macroeconomic threats persist. One of them is the possibility of the United States implementing new tariffs, as happened in April when announcements from the Trump administration caused a sharp decline in the markets. Although the impact of such news has decreased, it still provokes immediate reactions in the cryptocurrency sector.
The performance of Bitcoin also poses a risk. If BTC's price falls below the range of $117,000 to $118,000, where it remained for much of July, the altcoin market is likely to experience a widespread retracement. In this scenario, BNB's bullish momentum could be interrupted, reducing its chances of reaching new highs in the short term.
From gold to algorithm: the new monetary metal is called Bitcoin
Technical analysis of the BNB chart
BNB is pulling back after reaching its all-time high, representing a correction within an ongoing uptrend. For the price to strengthen, it needs to stay above $788.
Chart analysis of BNB.
Chart analysis of BNB.
The key levels to watch during August are:
$820: While it may not seem like an ambitious target, if the price can stay above this level, BNB could recover towards its all-time highs. There is no guarantee it will reach $1,000, but levels close to $900 seem viable.
$720: If the price falls below this level, strong pullbacks are likely, with support below $700 probably being sought. In this scenario, bullish expectations would be temporarily suspended.
The RSI is currently at 41, indicating a bearish dominance. According to this indicator, new corrections are possible.
Relevant data about BNB and Binance
The spot volume of Bitcoin has been steadily increasing on Binance. In April, its share was close to 40%, but it currently approaches 45%. If this trend continues, Binance could surpass the combined volume of all other exchanges.
Although Binance has gained market share, the overall spot trading volume remains low. Based on absolute volume data, market activity has not yet reached the peak levels observed at the end of 2024 and early 2025.
Thanks to recent gains, BNB now ranks 186th in the global asset ranking, surpassing traditional giants like Nike, SoftBank, and MicroStrategy.
According to data from CoinGlass, BNB's open interest surpassed $1.7 billion, marking a new historical record. This figure exceeds the peak recorded in December 2024 and reflects both increased trading activity and growing confidence in the asset's future.
