Binance Coin has once again broken into fresh all time highs. The price climbed above $1,100 after a strong rally that has been building since July. For many traders, this milestone feels like a payoff after years of sideways consolidation that lasted from 2021 to mid 2025.
BNB price did not just rise overnight. After breaking out in July, it retested the $720 level in early August and held firm. From that point onward, higher highs have consistently formed.
Since the breakout, the market has not seen any deep retracements. Each pullback has been shallow, ranging between 7% and 14%, a clear sign that the bullish momentum is well intact.
Fundamental Drivers Supporting Binance Coin Price
Beyond technical movement, some developments on BNB Chain have strengthened confidence in the token. The platform’s upgrades have pushed Total Value Locked to $8.23 billion, and active addresses reached 73.24 million in September. This level of on-chain activity points to a growing base of users and developers choosing Binance Coin for real applications.
Institutional adoption is also beginning to play a role. Kazakhstan launched the Alem Crypto Fund and selected Binance Coin as its inaugural investment choice. Through a partnership with Binance Kazakhstan, this initiative became the first state-backed crypto investment in the region. This type of endorsement has added more weight behind BNB’s push above $1,000, signaling that demand is not limited to retail enthusiasm.
Chart and Technical Indicators Point Toward Strength
Looking at the CoinAnk chart, three indicators stand out. The Open Interest to Market Cap Ratio is climbing, suggesting more leveraged activity is entering the market. While not extreme, it shows fresh money is backing the move higher.
Net Long positions remain subdued, meaning traders are not overly aggressive on leverage despite the rally. At the same time, Net Short positions are elevated, which could become fuel for a short squeeze if BNB continues its upward path. This combination of cautious longs and heavy shorts often creates conditions where upward pressure strengthens instead of weakens.
Data from Investing.com provides additional confirmation:
| Name | Value | Action |
|---|---|---|
| RSI (14) | 65.623 | Buy |
| STOCH (9,6) | 51.012 | Neutral |
| MACD (12,26) | 14.18 | Buy |
| ADX (14) | 49.472 | Buy |
| Ultimate Oscillator | 48.479 | Sell |
| Bull/Bear Power (13) | 21.4486 | Buy |
The summary leans toward a Strong Buy, with 8 Buy signals, 1 Neutral, and 2 Sell. RSI shows BNB is not yet overbought, while MACD and ADX highlight ongoing momentum. The only cautionary sign comes from the Ultimate Oscillator, hinting at short‑term cooling, but overall readings lean strongly bullish.
Where Is BNB Price Headed in October?
Momentum has been building for months, and October historically carries strong bullish sentiment in crypto markets. If this trend continues, Binance Coin could set new all‑time highs beyond $1,100. A 20% surge from current levels would put the target near $1,320, which aligns with the kind of rallies BNB has shown in its most bullish months.
A bearish case cannot be ignored. Since July, the steepest declines have been around 14%. If another retracement of that scale plays out, Binance Coin price could revisit the $950 level. Even so, this would likely be a temporary dip, given the broader trend and sustained demand from both retail and institutional sides.