Binance Coin (BNB) has gained by 1% today, July 25, to trade at $770. BNB’s rally took a breather after hitting a new high at $809 earlier this week. Even so, the jump in BNB treasuries to $1.52 billion has traders watching whether the Binance Coin price might still have a shot at reaching $1,000.
Binance Coin Price Maps Path to $1,000
Despite dropping in price, BNB price remains in a rising channel. Right now, the price is 4.9% below $809, which has become a resistance. If Binance Coin can push through this level, it could open the door for a strong move up to $1,000
However, this surge might not happen soon because selling volumes have picked up since the ATH, but remain below the extremes seen in mid-February. This Binance Coin price rally to $1,000 will only be fueled by buyers, the same way it happened earlier this week.
The DMI is still in favor of buyers, but the gap between the lines is becoming small. In other words, bulls are still ahead, just not by much. This situation shows a mixed picture. Buyers are still hanging on, but the gains are not happening with the same speed they did before.
If BNB price starts to drop now, it might find some support at $743. But if it moves below the 50-day SMA, some traders might start to get cold feet. However, $743 is the first spot where the price could get a breather if things cool off.
This outlook shows how BNB will perform in the short term. Looking further out, the Binance Coin price forecast for between 2025 and 2030 offers a bigger-picture view of what the next few years might look like.
Nasdaq-Listed Firms Grow BNB Treasuries to $1.52B
One of the things that are standing out about the Binance Coin price performance is the interest coming from institutions. On July 24, Windtree announced $520 million in funding, where 99% will be used to buy BNB.
These coins have been bought just a short time after Nano Labs bought $90M BNB, a move that drove speculation that $1,200 might not be very far away. These two situations might be the fuel needed to take it to $1,000.
Interestingly, the BNB Chain also has the most addresses, even if most of these are from those using stablecoins. That activity might give BNB price the nudge it needs to get to $1,000.
To sum up, the Binance Coin price is holding well even when the rest of the market is in the red. This is being assisted by big companies adding it to their treasuries. While $1,000 seems far, BNB might remain the best pick for bullish traders because institutions are not stepping aside at the top.
Frequently Asked Questions (FAQs)
Binance Coin price can reach $1,000 if there is a lot of interest from both retail and institutional investors.
The BNB treasuries will likely have a bullish impact on the Binance Coin price performance.
The key support level for BNB is the 50-day SMA of $675, where traders might start to buy.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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