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>>BNB Price Approaches $1,500 All-Time High as 16% Surge and CZ's Remarks Drive Bullish Sentiment

BNB Price Approaches $1,500 All-Time High as 16% Surge and CZ's Remarks Drive Bullish Sentiment

crypthub

about 17 hours ago

BNB Price Surge and Market Factors

BNB surged over 16% to $1,350, outpacing Bitcoin and Ethereum due to optimism around a potential spot ETF approval and renewed Binance ecosystem confidence. The rally followed a sell-off from geopolitical tensions, driven by whale accumulation and institutional inflows. CoinGlass reported a 55% rise in daily trading volume to $10.7 billion and a 25% increase in open interest, indicating leveraged bets on further gains.

CZ’s Comments on Organic Demand

Binance founder Changpeng Zhao attributed BNB’s recovery to genuine market demand, not artificial liquidity. He highlighted community belief, builder activity, and deflationary token burns as key drivers. CZ praised BNB Chain contributors like Venus for protecting users during volatility, reinforcing investor trust through transparency about market structure.

Technical Outlook and Price Targets

BNB’s breakout above $1,236 resistance activated bullish momentum, with RSI near 65 and MACD signals pointing to upside potential. A close above $1,349 could push prices toward $1,400–$1,452, with $1,500 as a key psychological milestone. Support remains firm at $1,192–$1,220, though analysts caution profit-taking near $1,350–$1,400 may cause short-term consolidation.