🔥 #BNB : Technical correction after reaching a new all-time high
📅 July 24, 2025
$USDT $USDC $BNB $BTC $ETH
Binance's native cryptocurrency, #BNB, has shown outstanding price action in recent weeks, driven by significant fundamental and technical factors. After reaching a new all-time high (ATH) of USD 804, it is currently experiencing a healthy correction of 4.3%, trading around USD 768.
🧩 What drove this new ATH?
BNB has benefited from several key catalysts:
💰 Institutional purchases: A firm listed on Nasdaq reportedly acquired over USD 90 million in BNB this week, according to AInvest reports.
🔥 Token burns: The continuous burning of tokens reduces the circulating supply, which has created sustained upward pressure.
🚀#BNB
🌍 Market context
With a market capitalization exceeding USD 107 billion, BNB maintains its position as the third most valuable cryptocurrency, behind #BTC and #ETH. According to Binance founder CZ, this movement could mark the beginning of a new “altseason,” with BNB leading the charge.
🧭 Strategic recommendation
🕐 Short term: Traders may observe the current support for possible rebounds. A breakout of the ATH would validate a new bullish leg.
📈 Long term: The outlook remains optimistic. The fundamentals and institutional participation support the growth thesis.
📌 Conclusion
The current correction of BNB should not be interpreted as weakness, but rather as a natural technical pause after a strong rise. As long as the support of USD 744 holds, the scenario remains favorable for a potential recovery towards higher levels.
“Strong corrections, solid fundamentals. This is how sustainable rallies are built.”
