BNB Price Nears $1,500 Record High as 16% Rally and CZ’s Comments Fuel Bullish Momentum
The BNB worth has staged a strong restoration, surging over 16% to commerce previous $1,350, outpacing Bitcoin and Ethereum as optimism builds round an imminent spot ETF approval and renewed confidence within the Binance ecosystem.
The rally comes after a pointy sell-off triggered by geopolitical tensions earlier this month, adopted by an aggressive rebound fueled by whale accumulation and institutional inflows.
According to CoinGlass, each day buying and selling quantity jumped 55% to $10.7 billion, whereas open curiosity rose 25%, signaling contemporary leveraged positions betting on continued upside momentum.
BNB’s sharp turnaround mirrors broader market stabilization however with stronger conviction. Traders are actually eyeing a transfer towards $1,450–$1,500, a area that will mark a brand new all-time high for the fourth-largest cryptocurrency by market capitalization.
CZ Attributes BNB Price Rally to Genuine Market Demand
Binance founder Changpeng Zhao (CZ) weighed in on the rally, emphasizing that BNB’s latest energy comes from natural market demand, not synthetic liquidity assist.
“BNB has no market makers,” he acknowledged, including that the value restoration displays the neighborhood’s perception, builder exercise, and deflationary mechanisms that proceed to burn tokens.
CZ additionally praised BNB Chain ecosystem contributors such as Venus and Binance, who “took a whole lot of hundreds of thousands out of their very own pockets to guard customers” throughout the latest volatility, a transfer he described as an indication of “totally different worth techniques.”
His feedback helped solidify investor sentiment, with analysts noting that CZ’s transparency about inside market construction has reassured merchants that BNB’s rally is essentially pushed slightly than speculative. The token’s deflationary mannequin and sustained ecosystem utility proceed to underpin long-term confidence.
Can BNB Break $1,500 Next?
From a technical standpoint, BNB’s breakout above $1,236 resistance has activated bullish momentum, with the RSI hovering close to 65, displaying robust however not overbought circumstances.
MACD crossover and sturdy quantity spikes level to additional upside potential. A detailed above $1,349 (the October 7 high) may propel the token towards $1,400–$1,452, with the subsequent key psychological milestone at $1,500.
Support stays agency at $1,192–$1,220, offering a cushion towards short-term volatility. Analysts warning that whereas BNB’s momentum is robust, profit-taking across the $1,350–$1,400 zone may result in transient consolidation earlier than the subsequent leg larger.
Cover picture from ChatGPT, BNBUSD chart from Tradingview
