BNB price has set a new all-time high as strong institutional demand, regulatory clarity, and rapid ecosystem growth continue to drive its momentum.
Summary
- BNB set a new all-time high of $962 on Sept. 17, lifting its market cap above $132B and reclaiming the fifth spot by value.
- Momentum was fueled by regulatory clarity from reports of a possible DOJ settlement and other recent updates.
- Technical outlook shows strength above $920, with analysts eyeing $1,000 as the next milestone despite short-term overbought signals.
BNB was trading at $950 at press time, up 3% in the past 24 hours after briefly touching $962 on Sept. 17, a new all-time high. The move lifted its market capitalization above $132 billion, placing it ahead of UBS Group and ranking it the 165th largest global asset. The rally also pushed BNB back into the fifth spot by market cap, overtaking Solana.
With a daily volume of $2.17 billion, up 65.6% from the day before, trading activity has increased. Derivatives markets showed even stronger growth. CoinGlass data reported an 89.27% increase in volume to $2.29 billion and an 8.26% rise in open interest, indicating heavier leverage and stronger positioning among (BNB) traders.
Regulatory clarity and institutional support fuel BNB rally
The rally gained momentum on Sept. 16 after reports suggested Binance is close to securing a settlement with the U.S. Department of Justice. A resolution to the long-running investigation eased investor concerns about legal risks. Speculation over the possible return of founder Changpeng Zhao further fueled sentiment.
On Sept. 10, Binance also revealed a partnership with asset manager Franklin Templeton to expand tokenized real-world asset markets through BNB Chain. The partnership highlights BNB’s contribution to the rapidly expanding RWA industry, which analysts predict will reach $10 trillion in the upcoming years.
Meanwhile, on-chain activity is growing. Transactions now total between 10 and 14 million per day, and the number of daily active addresses has doubled since April. There are currently over 5,800 decentralized applications running on the network, and the total value locked has reached $7.6 billion. Weekly decentralized exchange volume reached $16 billion last week, as per DefiLlama data.
Following the surge, analyst Saint Pump wrote on X on Sept. 16 that BNB is the “best looking highcap,” forecasting a potential move toward $1,000 before a broader market pullback. He noted that rising open interest alongside lower funding rates creates room for further gains.
BNB price technical analysis
BNB is still in the upper Bollinger Band range and is holding above the $920 support level. The relative strength index, which is now near 70, indicates strong momentum with an impending overbought condition. The upward strength of the trend is confirmed by the buy signals from the 10-day EMA at $920 and the 200-day SMA at $693.
Momentum indicators paint a mixed picture. The MACD is in buy territory even though oscillators such as the Commodity Channel Index and Williams %R indicate short-term exhaustion.
If the bullish momentum persists, resistance is located close to $1,000, a psychological milestone and possible profit-taking level. A rejection could see prices retest $920 and then $880 as near-term supports.
