BNB News Today: BNB's Record High Faces Crucial Test as Bearish Indicators Emerge

BNB reached a record high of $1,370 following a sharp recovery from a $500 billion market crash in late October 2025, but recent price action has raised caution among traders. The token surged 41% over 30 days, driven by a 50.2% spike in spot trading volume to $8.94 billion and a 29.8% increase in open interest in futures markets, according to a Blockchain News article. Binance CEO Changpeng Zhao (CZ) clarified that the rebound was organic, denying claims of intervention by Binance or affiliated entities, Blockchain News reported.

However, technical indicators now suggest caution. The Relative Strength Index (RSI) for BNB stands at 65, indicating strong bullish momentum but nearing overbought territory, Blockchain News reported. The MACD histogram shows expanding bullish momentum, yet analysts warn that the token's 52-week high of $1,189.40 has already been surpassed, raising the risk of short-term corrections. A breakdown below the $1,100–$1,150 support zone could trigger a pullback to $900–$1,050, as highlighted in multiple price forecasts.

Bearish signals are also emerging. Funding rates for BNB turned negative at -0.0012%, reflecting rising short positions and broader market pessimism, according to an FxLeaders article. This aligns with a broader trend in crypto markets, where aggregated funding rates hit bear-market lows in October 2025, according to on-chain analytics firm Glassnode. The token slid 1.3% in late October amid heightened bearish sentiment, with some analysts attributing the decline to profit-taking after the sharp rally, FxLeaders reported.

Mixed analyst forecasts further underscore uncertainty. While optimistic models project a potential $1,300–$1,500 target by November 2025, conservative estimates range between $610–$900. Laura Menkin of ChainDelta noted that post-crash flows into BNB reflect "market trust in fundamentals and token utility," but emphasized that an Altcoin Season Index near 47—a threshold for full-scale altseason—has not yet been reached, Blockchain News reported.

Institutional activity adds complexity. A $45 million reimbursement program by the BNB Chain for affected traders and a projected $600 million fundraising for BNB accumulation by institutional investors highlight growing confidence. Yet, the token's parabolic rise has exposed vulnerabilities, with the next major resistance at $1,349 and critical support at $1,192–$1,220. Traders are advised to monitor RSI behavior, MACD momentum, and volume patterns during the upcoming resistance test, as a failure to break above $1,192 could initiate a deeper correction.