@Binance News
📈 Price Breakout & New All‑Time Highs
BNB hit an intraday peak of ~$804, riding a broad altcoin rally. Over the past five days, it surged ~4.8%, with the Altcoin Season Index at 54—signaling renewed interest in altcoins .
Multiple sources confirm this new all-time high (~$801–$804), driven by strong volume, technical momentum, and institutional buying .
📊 Technicals & Projections
Analysts note BNB broke out from an ascending triangle pattern, with Fibonacci targets of $950 (1.0×) and $1,200 (1.618×) in sight .
Momentum indicators remain healthy despite an overbought RSI around 80, MACD crossover is bullish, and volume sustained the breakout .
🏦 Ecosystem & On‑Chain Drivers
Binance ecosystem activity supports the rally: periodic BNB token burns and strong utility demand (e.g., trading fee discounts, staking, DeFi on BNB Chain).
Spot trading volume recently surged—up to $25 billion—helping fuel the rally.
How will today be?