Binance Coin (BNB) Towards $1,000, Is it Possible?

Jakarta, Pintu News – In recent weeks, Binance Coin (BNB) has shown its strength by recording a significant increase in momentum.

As Bitcoin (BTC) struggles at critical resistance limits and Ethereum (ETH) continues to gather strength, the Binance-native cryptocurrency seems poised to reach new record highs.

The big question that arises now is, will Binance Coin (BNB) reach $1,000 anytime soon?

Technical Analysis Shows Strong Signals

Currently, Binance Coin (BNB) has managed to break the critical resistance of $750 and is now at $767.87. If the currency manages to cross the next resistance level of $785, it could pave the way to higher price targets such as $820 and $860.

The Trading Volume indicator continues to increase on a daily basis indicating a significant increase in interest from traders. The Relative Strength Index (RSI) has surpassed the overbought level of 70 and is currently at 84.39.

This suggests that the cooling phase may be over and the current bullish momentum is very strong. Meanwhile, the MACD line at 26.79 and the signal line at 18.52 also confirm the current strong uptrend.

Read also: Solana (SOL) Breaks $200: What’s Driving This Price Increase?

BNB Derivatives Market Dynamics

The funding rate offset by Open Interest (OI) has been in the positive zone since mid-June, signaling an increase in traders’ appetite for long positions. The liquidation chart shows a steady elimination of short positions, indicating an increase in the short squeeze.

The fact that liquidation is still relatively low suggests that the current uptrend is quite strong and bulls’ involvement is increasing. Assuming the bulls manage to maintain the momentum, Binance Coin (BNB) could try again to test its upper levels in the range of $785 to $800.

With bullish technical support, high trading volume, and constant short liquidation, Binance Coin’s (BNB) $1,000 price milestone is no longer just a hope but a realistic possibility.

Also read: Pi Network Price Prediction 4th Week of July 2025 According to Perplexity AI

Potential Risks and Price Drawdown

Although the current outlook seems very bullish, there is always the possibility of a pullback. In the event of a pullback, the Binance Coin (BNB) price might return to the $750 level. A further drop could take the price to the previous low of $716.

Investors and traders need to stay alert to changing market conditions that can significantly affect prices. It is important to monitor market indicators and current news to make informed investment decisions. Understanding risk is key in crypto trading and investing, especially in this highly volatile market.

Conclusion

With all technical indicators showing bullish signals, Binance Coin (BNB) has great potential to reach and even surpass its $1,000 price target. However, it is important for market participants to remain vigilant and prepared for any eventuality that could happen in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Binance Coin Eyes New ATH, Will BNB Price Hit $1000? Accessed on July 23, 2025
• Featured Image: Coingape