Binance Coin (BNB) reached a record high of $774, reflecting the market trend shifting attention from Bitcoin (BTC) to altcoins like BNB and XRP, with significant price volatility in the past 48 hours.
BNB price has increased by 235% so far
BNB increased nearly 25% in two weeks, breaking through the resistance level of $658 after a consolidation period, attracting investors and reflecting growing market confidence.
BNB has risen 235% from a low of $203 at the beginning of 2023, despite legal challenges and the resignation of former Binance CEO Changpeng Zhao (CZ).
Increasing optimism around expected regulatory changes under the Trump administration in 2025, along with SEC Chairman Gary Gensler's announcement of resignation, boosting the growth potential of BNB and the development of new investment products such as cryptocurrency ETFs.
Important levels to watch as BNB approaches the $800 mark
The market capitalization of BNB increased from $93 billion to over $112 billion after a price increase of 17%, with trading volume rising by 14% to over $5 billion. The strong upward trend brings BNB close to the $800 mark, but the future trajectory depends on profit-taking behavior and maintaining key support levels.
Analyst Ali Martinez predicts BNB could rise to $1,630 if it maintains a closing price above $662. With last week's close at $663, BNB needs to consolidate around the important support area of $660 to sustain its upward momentum and achieve future price appreciation potential.