BNB Surges 6.83% to $850.61 All-Time High on Trading Volume Spike and Resistance Breakout

BNB’s price surged to an all-time high of $850.61 on July 28, 2025, marking a 6.83% daily increase and reflecting a broader shift in market dynamics. The token’s ascent was fueled by a 81.05% spike in 24-hour trading volume to $3.39 billion, with a market cap now exceeding $118.48 billion. This momentum followed a breakout above a multi-year resistance level near $795, positioning BNB in a “price discovery mode” as traders anticipate further gains [1]. The rally has drawn 82% of surveyed users to vote positively on BNB’s price trajectory, underscoring strong retail and institutional confidence [1].

Technical analysis highlights BNB’s penetration of a long-term downtrend line dating back to 2021, following a period of consolidation between 2022-2024. During this phase, the token formed a rounded base pattern—a formation often associated with prolonged accumulation phases. Key support levels are now identified between $340 and $400, aligning with Fibonacci retracement levels at $401.10 (0.5) and $341.30 (0.618). Immediate resistance lies in the $860–$870 range, with analysts suggesting a successful breach could target $900 and potentially $1,000, a threshold 17.5% above current levels [2].

Market fundamentals reinforce the bullish narrative. BNB’s circulating supply stands at 139.28 million tokens, while strategic initiatives by Binance—such as the Maxwell network upgrade—have enhanced blockchain scalability and transaction efficiency [1]. Token burn programs, which periodically reduce supply, have further bolstered scarcity and investor sentiment. Institutional demand has also surged, with ETF inflows and whale activity contributing to sustained demand. Notably, Binance’s launch of RWUSD, a stablecoin tied to tokenized treasuries offering a 4.2% annual percentage rate, has amplified the platform’s ecosystem appeal, indirectly boosting BNB’s utility [3].

Despite the optimism, volatility remains a factor. After reaching $850.61, BNB dipped below that level in subsequent days, though it maintained a 27.91% monthly gain as of July 28. Short liquidations totaled $118 million within 24 hours, with 82% of traders bullish on the token’s future. Analysts caution that macroeconomic shifts and regulatory developments could influence the trajectory, but the current environment appears favorable for further gains.

The surge has triggered a self-reinforcing cycle of buying pressure, with over $172 million in liquidations recorded in 24 hours. Elevated open interest has drawn speculative attention, with one analyst projecting a $907 target, though prices had temporarily retreated to $797.79 at the time of reporting [3]. BNB’s market cap rose 5.83% daily to $114.91 billion, reflecting its growing dominance in the crypto sector [4].

Sources:

[1] [Binance Coin (BNB) Hits $850 All-Time High on Strategic Accumulation, Token Burns](https://www.ainvest.com/news/binance-coin-bnb-hits-850-time-high-strategic-accumulation-token-burns-2507/)

[2] [BNB Surges to $832 All-Time High on Maxwell Upgrade](https://www.ainvest.com/news/bnb-surges-832-time-high-maxwell-upgrade-37-active-address-growth-2507/)

[3] [BNB Price Forecast: Binance Coin Surges to Record Highs](https://www.mitrade.com/au/insights/news/live-news/article-3-990685-20250728)

[4] [$BNB Sets $827 New ATH, Short Sellers Face $118M Liquidations](https://fxdailyreport.com/bnb-sets-827-new-ath-short-sellers-face-118-million-liquidations/)