BNB, the native token of the Binance ecosystem, has surged to a new all-time high (ATH) of $808.09, marking a significant milestone in its trading history.
This impressive rally comes after months of quiet accumulation, signaling renewed confidence in the token’s fundamentals and market outlook.
However, the rapid price increase has also pushed Binance Coin (BNB) into overbought territory, raising questions about what may come next.
Binance Coin (BNB) breakout follows months of accumulation
After nearly seven months of price consolidation just below the $804 resistance level, BNB finally broke out with strong momentum.
The move followed seven consecutive weeks of steady accumulation, suggesting that patient buyers were positioning for a major upside.
As the price broke above $804 and surged to $808, BNB recorded a 16% weekly gain, pushing it into uncharted territory.
The breakout has been described by analysts as one of the most discreet all-time highs among major cryptocurrencies.
Despite the magnitude of the rally, the move remained largely under the radar, driven not by hype, but by steadily improving fundamentals and rising on-chain activity.
Overbought RSI signals a possible pullback
As excitement around the rally builds, the 14-day Relative Strength Index (RSI) has surged to over 88 on the daily chart, clearly placing BNB in overbought territory.
The 4-hour RSI remains above 73, and the 1-hour chart shows an RSI of around 69, reinforcing the overbought signal across multiple timeframes.
Such high RSI values often indicate that a pullback or short-term correction is likely, even within a broader bullish trend.
Traders should closely watch the price behavior around current levels, particularly as some investors may look to take profits.
Changpeng Zhao (CZ) hints at a possible altcoin season
The timing of BNB’s breakout has added fuel to speculation that a wider altcoin season may be underway.
Binance founder Changpeng Zhao (CZ) took to X (formerly Twitter) to celebrate the milestone, thanking the community for their continued support. He also pointed to the Altcoin Season Index, which recently crossed the neutral 50 mark to hit 54—a potential sign that more capital is flowing into altcoins compared to Bitcoin.
According to CZ, this shift in market sentiment could be the early phase of what he described as a coming “FOMO season.” He emphasized that the current rally is grounded in utility and long-term growth rather than speculative frenzy.
Strong fundamentals support BNB’s rise
Unlike many short-lived crypto rallies, BNB’s ascent appears to be backed by strong fundamentals.
The BNB Chain has recently recorded more than five million daily transactions, demonstrating continued network usage and adoption.
A newly released roadmap for 2025–2026 includes upcoming technical improvements such as gas limit increases and a Rust client rollout.
Moreover, the token’s deflationary model continues to contribute to its valuation. Binance recently burned 2.1 million BNB worth $1.6 billion in its latest quarterly burn, reducing circulating supply and reinforcing long-term scarcity.
Institutional demand is also on the rise. Nasdaq-listed Nano Labs recently acquired 45,685 BNB through an OTC deal, with plans to buy up to 10% of the circulating supply via a $500 million convertible notes program.
BNB price forecast shows $850 as the next target
As Binance Coin (BNB) flirts with its freshly minted all-time high, bullish sentiment remains strong. Eye are on the next major resistance level at $850.
Notably, the token hovered around the $800 mark for several weeks, suggesting strong support and confidence at this price range.
Meanwhile, altcoins like Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and Dogecoin (DOGE) are also showing signs of strength.
Ethereum has rallied 67% in the past month, while Cardano and Dogecoin have both logged double-digit gains in recent weeks.
The shift in capital and momentum away from Bitcoin and into altcoins like BNB could serve as further confirmation of a developing altcoin season.