Binance Coin Price Prediction: New ATH at $850.78 Sparks Momentum for Further Gains
The post Binance Coin Price Prediction: New ATH at $850.78 Sparks Momentum for Further Gains appeared on BitcoinEthereumNews.com.
Binance Coin (BNB) achieved a significant price milestone after surpassing the $850 mark for the first time. The sharp climb followed a consistent pattern of accumulation, triggering market-wide attention. The breakout, which occurred on July 28, marked a fresh all-time high, reinforcing growing interest in top-tier altcoins. At the time of writing, indicators on the daily chart continue to reflect strong momentum. Intraday Breakout Pushes BNB to $850.78 The 1-hour chart published by CoinGecko (@coingecko), a widely followed crypto analytics platform, shows a parabolic surge in Binance Coin’s price. Beginning at approximately $843.90 around 09:50 AM, BNB rose steadily to an all-time high of $850.78 by 10:39 AM. The upward curve formed without notable pauses or consolidations, indicating accelerated buying pressure during a narrow window. Source: X CoinGecko reported a trading volume of $2.51 billion at the time of the new peak, further supporting the price spike. The absence of overhead resistance and minimal price pullbacks throughout the climb suggests the move was driven by significant demand, potentially linked to whale or institutional accumulation. Traders often associate this type of movement with price discovery, especially when previous resistance levels are surpassed. The rapid nature of the price action raises the possibility of short-term volatility, particularly as traders react to profit-taking opportunities. However, if BNB maintains support above the $840 level, this breakout could lead to the establishment of a new price base. This scenario would strengthen the case for a sustained uptrend in the upcoming sessions, particularly if volume remains elevated. Volume-Supported 24-Hour Rally Reflects Strong Buyer Activity Over the broader 24-hour period, BNB climbed from under $800 to $842.21. The trend began late on July 27 and accelerated overnight, following a linear path with few signs of fatigue. This movement aligns with a broader recovery in the crypto market,…
Filed under: News - @ July 29, 2025 6:24 am