BNB Bulls Target $1,000 as Rally Gains Strength
BNB is on the move again — climbing above $820 on Monday after last week’s solid 8% gain. The surge came on the heels of a major announcement: Nasdaq-listed CEA Industries has become the largest corporate holder of BNB, snapping up 200,000 tokens worth $160 million.
The purchase followed a $500 million private placement backed by 10X Capital and YZi Labs, creating the first U.S.-based BNB Treasury Company. According to CEA’s statement, the firm plans to keep buying BNB until its treasury allocation is fully deployed — and could invest up to $1.25 billion in total if its funding capacity is maxed out.
For the market, this means increased institutional exposure, better liquidity, and growing acceptance of BNB — all factors fueling the bullish outlook.
Technical picture:
BNB found support at $742 last week before rallying over 7% in just five days.
The next big hurdle is the all-time high of $861.10 from July 28. A decisive close above that would push BNB into uncharted territory, where $1,000 becomes the next target.
RSI is holding at 65 — bullish but not yet overbought.
MACD is close to a bullish crossover, adding momentum to the current rise.
If bulls lose steam, the first key support sits at $795. For now, the trend is in their favor, and all eyes are on a potential new record high.