BNB Hits New All-time High Above $803 Amid Altcoin Surge

BNB soared past $803, setting a new all-time high before pulling back slightly.

At the time of writing, the token trades around $796, still up 6.16% on the day. The surge was largely driven by institutional interest, with Nano Labs disclosing a $90 million OTC purchase at an average price of $707. The large-scale accumulation reflects deep confidence in BNB’s long-term potential.

Binance’s consistent token burns, reducing circulating supply, have created favorable scarcity dynamics. At the same time, BNB Chain’s $14 billion+ daily DEX volume—surpassing Ethereum and Solana combined—demonstrates growing on-chain activity that adds further fuel to the rally.

Bullish technical setup confirms strength

Technical indicators support BNB’s momentum. A bullish MACD crossover, combined with an overbought RSI of 86.7, suggests strong upward pressure but also raises the risk of short-term volatility. The price also broke through the 127.2% Fibonacci extension level, with the next target zone between $893 and $958.

Derivatives data aligns with the bullish outlook. Open interest rose 19% to $1.23 billion, while the perpetuals funding rate remains positive at +0.0137%, reflecting sustained long bias from traders.

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Altcoin season rotation favors BNB

The rally comes amid broader altcoin strength. The Altcoin Season Index surged to 55, while Bitcoin dominance slipped to 59.96%. BNB gained 15.79% over the week, far outperforming Bitcoin’s 3.1%. A viral post from Binance founder CZ, referring to the return of “FOMO season,” added to the retail buzz.

While the breakout above $803 is a milestone, eyes are now on whether BNB can build support above $800 or face short-term selling pressure.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.