BNB Breaks All Time High of 800:
Market Overview:
BNB reached $809.31 on July 23, 2025, now trading at $776.19. Market cap sits at $108B, ranking 5th globally. Ecosystem Milestone
Key Drivers:
Institutional adoption accelerated with Nano Labs' $90M purchase at $707 average. Long- short ratio of 15.23 signals strong bullish positioning.
Technical indicators show peak buy volumes of 46,364 BNB in an ascending channel pattern targeting $1,200, with support at $745-755. Bullish Pattern
On-chain metrics reveal $14B daily DEX volume and $1.23B futures interest with positive funding rates (+0.0137%).
Trading Outlook:
Short-term: Monitor overbought RSI (68-86) Medium-term: Target $893-900 range Long- term: $1,000-1,200 possible with continued momentum Path to $1000X