The BNB token, previously known as Binance Coin, has once again stolen the spotlight in the crypto market. After rising 8% last week, the asset extended its momentum on Monday, trading above $820 and raising expectations of a new all-time high.
An institutional player enters the scene
The engine behind this surge is not coincidental. On Sunday, CEA Industries —a company listed on Nasdaq— announced the purchase of 200,000 BNB for $160 million, becoming the largest corporate holder of BNB globally.
The company, backed by 10X Capital and YZi Labs, plans to continue acquisitions until it fully deploys the initial capital of $500 million, with the possibility of reaching $1.25 billion in BNB purchases.
This movement not only injects liquidity but also sends a clear signal of institutional confidence towards the Binance ecosystem.
Technical indicators favoring the rise
Currently, BNB finds support around $742, a level that has held up well against recent corrections. The Relative Strength Index (RSI) is at 65, still with room before entering overbought territory, while the daily MACD is about to cross bullishly, confirming buyer pressure.
The key resistance is at $861, its all-time high. If surpassed strongly, the token would enter a price discovery phase, and $1,000 would become the next psychological target.
Factors that could drive or hinder the rally
Positive momentum: More institutional purchases, strength in BTC and ETH, and growing adoption of the BNB Chain ecosystem.
Risks: Bearish movements of Bitcoin, regulatory uncertainty surrounding Binance, or massive profit-taking after breaking highs.
Conclusion
BNB is at a decisive point. Institutional backing and aligned technical indicators could lead it to break its historical ceiling in a matter of weeks. If the general market cooperates, $1,000 could stop being a dream and become the next big figure in the Binance ecosystem.
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