BNB prepares for leap to four-digit prices
The post BNB prepares for leap to four-digit prices appeared on BitcoinEthereumNews.com.
Binance Coin (BNB) is on track to break out to four-digit valuations, after consolidating above $930. The Binance ecosystem is one of the growing venues during the 2025 altcoin season. Binance Coin (BNB) is one of the outperforming assets, setting up expectations for climbing to a four-digit valuation. BNB recently peaked above $962, later retreating to $951.44. BNB marked a series of records in the past week, as the Binance ecosystem showed strength in both centralized and decentralized activity. | Source: CoinGecko. The token rallied following the news of Binance’s potential to settle its case with the US Department of Justice, avoiding the requirement for an external monitor, as Cryptopolitan reported earlier. Based on the continuing altcoin season, BNB may still benefit from the growing market exuberance and break the $1,000 milestone. BNB open interest expanded to an all-time peak near $1.3B, suggesting speculation may add volatility and cause significant price leaps. Over 23% of BNB activity happens on the Binance exchange, allowing the token to immediately react to liquidity inflows. Historically, BNB has rallied up to 10X during active altcoin seasons. At this price range, the token is expected to move to 5X at most. BNB, along with SOL, are seen as capable of reaching valuations close to ETH, based on their on-chain economies and app activity. BNB traders still shy of $1,000 The hike to $1,000 for BNB may not be immediate. Currently, the token is locked in a range, with long positions around $933, suggesting a price dip may be possible. BNB short positions are accruing around $990, with smaller liquidity allocations at $1,000. The potential to liquidate those positions is relatively smaller. However, the general momentum suggests BNB is expected to move to a higher price range, based on ecosystem growth and general liquidity. BNB is…
