BNB Price Sets New Record Above $880 as Network Activity Surges!

Jakarta, Pintu News – BNB (BNB) has emerged as one of the few crypto assets on the rise, breaking a new all-time high of $882.59 on August 21.

Although the BNB price corrected slightly after the historic spike, it confirmed the coin’s strong position and adoption. This spike is all the more attention-grabbing as it comes amidst market uncertainty and stagnant price movements.

In its analysis, the CCN website discusses how BNB was able to reach a new peak and reveals the potential for further movement in the short term.

BNB Breaks ATH Thanks to Double-Bottom Pattern

Prior to the latest surge, the last time BNB prices touched a record high was in July. Since early August, the 4-hour chart shows BNB moving in an ascending parallel channel, gradually building bullish momentum.

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The main trigger for the rise came through a double-bottom formation around the $820 level between August 18-20. This bullish reversal pattern provided confirmation for buyers to push the price through the resistance levels of $848.72 and $862.49 to set a new record high.

In addition to the double-bottom formation, the Exponential Moving Averages (EMA) indicator also gave another bullish signal that strengthened BNB’s rally. On August 14, the 4-hour chart had shown the formation of a death cross.

However, as of now, the 12 EMA (blue) has crossed above the 26 EMA (orange), creating a bullish crossover. If this trend holds, BNB prices are likely to recover from the minor correction that is currently taking place.

Record Supported by Growing Adoption

On the on-chain side, increased activity on the BNB Chain was an important factor driving the price rally. Based on Token Terminal data, the number of weekly active users jumped to 16.8 million, the highest number so far this year.

This surge in engagement signals widening adoption and puts BNB Chain ahead of other leading layer-1 blockchains such as Solana (SOL), NEAR Protocol (NEAR), and Tron (TRX). With user activity continuing to set new records, network fundamentals are increasingly aligned with the bullish movement of BNB prices.

If the trend of growing network activity continues, BNB prices could potentially break new record highs again in the next few weeks or months.

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BNB Price Prediction: Toward a New Peak

Looking ahead, BNB prices are still showing a bullish trend. On the daily chart, the Supertrend indicator displays a green line that is below the price, confirming a continuous buy signal.

CCN website’s analysis of the Directional Movement Index (DMI) also supports this view. At the time of writing (21/8), the +DMI (green) stood at 28.48, well above the -DMI (red) at 10.16, indicating that bullish forces outweigh bearish pressures.

Meanwhile, the Average Directional Index (ADX) recorded 38.63, which indicates that the uptrend is getting stronger. If this condition continues, BNB prices have the potential to break resistance at $885.80. After that, the next target could reach $1,120.

However, if user activity towards BNB weakens, demand could decrease. In that scenario, the BNB price is at risk of correcting to $804.90.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. BNB Price Hits New All-Time High as Network Activity Explodes. Accessed on August 22, 2025
• CoinSpeaker. BNB Smashes New All-Time High. Accessed on August 22, 2025