BNB can break through $1000

BNB has the potential to reach $1000. From the perspectives of technical trends, ecosystem development, and market demand, there are several favorable factors, as detailed below:

Bullish technical trend: According to an analysis report by TradingView cryptocurrency expert Unichartz, BNB's price trend has broken through a long-standing downtrend resistance line, recovering the historical support-resistance area around $460-$535. The 50-day moving average has repeatedly acted as dynamic support for BNB's price during pullbacks, and technical signals suggest it could soar to $1000.

Healthy ecosystem development: BNB Chain has surpassed Solana and Ethereum in daily DEX trading volume, reaching $2.13 billion. The dominance of PancakeSwap, successful meme coin launches, and technical upgrades like the Pascal hard fork have all provided support for BNB's price.

Increased market demand: As the native token of the Binance exchange, BNB can be used for paying transaction fees, staking, and participating in token sales. With the development of the Binance exchange, the demand for BNB is also increasing. Additionally, Binance's quarterly burn mechanism will reduce the supply of BNB, which, under stable or rising demand, helps drive prices up.

However, BNB also faces some uncertainties. Global regulatory scrutiny of centralized exchanges is becoming increasingly stringent, and Binance has withdrawn operations in several jurisdictions. Any enforcement actions could negatively impact the usability or accessibility of BNB. At the same time, decentralized competitors like Arbitrum and Solana are rapidly developing. If the adoption of BNB Chain stagnates, the demand for BNB based on utility may weaken.