BNB (Binance Coin) has shown very strong performance recently, with prices continuously refreshing historical highs. Below is an overview of BNB's current market situation, key technical points, and the driving factors behind it for your reference.

Let's quickly understand the key technical points and long/short strategies of BNB:

| Strategy Direction | Ideal Entry Zone (USD) | Stop Loss Reference (USD) | Target Zone (USD) | Key Basis/Signal $BTC $ETH $BNB

| Long Strategy | 970 - 960 (Retracement Support) | Below 940 | 1000 (Psychological Barrier) | Price retracement to trend line or Fibonacci support level stabilizing, MACD maintaining bullish zone |

| Short selling strategy | 995 - 1000 (historical high resistance) | above 1005 | 980 / 960 | Prices stagnating near historical highs and showing bearish patterns (like hourly RSI divergence) |

📊 Current market status and key levels (as of September 18, 2025)

*Current price reference**: BNB price peaked at $995, and some data even shows it reached $989.78, briefly breaking through $1000.

*Technical pattern**: BNB is in a strong **uptrend**, trading well above all major moving averages (such as the 200-day SMA at $689.58), indicating strong bullish momentum in the long term.

*Important resistance level**: **$1000** is an important **psychological barrier**, and breaking through it may trigger more buying. Further resistance can be seen at $1050 and even $1120.

*Important support level**:

*$980** and $970 (50% Fibonacci retracement level) are preliminary support.

*$960** is a **key support level**, coinciding with the bullish trend line on the hourly chart. If it breaks, it may further test $940 or $920.

📈 Major factors driving up BNB

The recent strength of BNB is not coincidental, primarily due to the following aspects:

1. Deflationary model: Continuous token burning

BNB adopts a **deflationary model**, regularly repurchasing and burning BNB tokens with platform profits. Since 2025, over 60 million BNB have been burned, reducing the circulating supply from about 145 million at the beginning of the year to the current **139.18 million**, a new low in 20 months. This is equivalent to wiping out nearly 40% of the initial total supply. **Supply decreases** while demand, if it increases, will theoretically drive prices up.

2. Ecological prosperity: Development of the BNB Chain

The ecosystem of BNB Chain is thriving, bringing actual demand for BNB:

*The number of dApps has surpassed 5000**, with a 19% quarter-on-quarter growth in on-chain transaction volume.

*Total locked value (TVL) reached $7.75 billion**, a new high in 3.5 years.

*Daily active addresses soared to 1.56 million**, a new high in 2025.

*Low transaction fees**: After upgrades, the average gas fee is only **$0.01 per transaction**, attracting a large number of users and developers.

All these activities require using BNB as network gas fees, creating organic demand for BNB.

3. Institutional interest and partnerships

In September 2025, Binance announced a partnership with asset management giant *Franklin Templeton** (managing over $15 trillion in assets) to develop compliant **tokenized securities (RWA)** products. This collaboration greatly boosted market confidence and interest in BNB.

* RWA market grew by 107% in 2025, exceeding $12.35 billion, with BNB as a bridging asset benefiting directly.

🎯 Potential risks and factors to be aware of

Although the trend is strong, investing in BNB also requires attention to the following risks:

*Short-term technical pullback risks**: BNB's RSI may have entered overbought territory, indicating that prices may need to consolidate or pull back in the short term to digest recent gains.

*Regulatory uncertainty**: Despite BNB Chain's continuous efforts in decentralization, some critics still question its **centralized association** with Binance exchange. Any **regulatory storm** against Binance may have a negative impact on BNB.

*Overall cryptocurrency market risk**: Although the trend of BNB is currently independent of Bitcoin and Ethereum, it cannot completely detach from the **larger environment** of the entire cryptocurrency market. If the market experiences a significant adjustment, BNB is also unlikely to stand alone.

💡 Advice for investors

*Caution against chasing highs**: After the price continuously hits new historical highs, **avoid blindly chasing the rise**. Consider waiting for the price to pull back to key support levels (such as the $960-$970 area) before considering gradual positioning.

*Strict stop-loss**: Whether in long or short trades, **be sure to set stop-losses** to control potential losses, especially in such a highly volatile market.

*Focus on ecological development**: In the long run, the value of BNB is closely related to the prosperity of its ecosystem. Continuously monitor the development of dApps on the BNB Chain, user growth, and TVL data.

*Diversified investment**: **Do not invest all funds into BNB**. Treat it as part of a cryptocurrency investment portfolio and consider allocating to other mainstream assets to diversify risk.

⚠️ Important reminder

All of the above analysis is based solely on current publicly available market information and technical indicators, **it does not constitute any investment advice**. Cryptocurrency investment carries extremely high risks, with significant price fluctuations, and you may lose your entire principal. Please be sure to make investment decisions cautiously after fully understanding the risks and combining your own independent thinking and judgment.