Solana News Today: "BNB's Rally Gains Steam as Holders Profit and $1,000 Looms"

BNB, the native token of cryptocurrency exchange Binance, has demonstrated significant price volatility in recent weeks, with analysts closely monitoring key resistance and support levels. As of August 26, 2025, BNB reached a new all-time high of $881 before slightly correcting to $849 in the following hours, reflecting a 2.6% increase over the previous 24 hours. This movement has attracted attention from both traders and analysts, many of whom are evaluating whether the current bullish momentum is sustainable [2].

CryptoQuant analyst CryptoOnchain has highlighted the technical and on-chain signals supporting BNB’s recent rally. According to the analyst, the decisive breakout above the $800–$810 resistance zone has transformed this level into a critical support area. Sustaining this threshold could reinforce bullish sentiment, with the next key psychological target being the $900 level. On the technical side, the altcoin is currently in “price discovery” mode, a phase that typically attracts new capital and increases confidence in long-term holding among investors [2].

On-chain data also suggests that all major holder cohorts—spanning from short-term traders to long-term investors—are currently in profit. This profitability reduces the likelihood of increased sell pressure, as holders are less inclined to exit their positions. The accelerating short-term gains further indicate fresh demand, while one-year rolling gains suggest that the rally is backed by sustained accumulation rather than speculative buying [2].

Analysts like BitBull have weighed in on BNB’s potential to test new highs. He noted that the token’s long-standing resistance has now flipped into support, creating favorable conditions for further growth. With public-listed companies such as China Hong Kong-based China Renaissance announcing BNB treasury purchases, BitBull suggested that a price target of $1,000 could be within reach [2]. These developments align with BNB’s increasing utility within Binance’s ecosystem, which includes benefits like trading fee discounts and participation in token launches through the BNB Chain.

However, the broader market context remains mixed. While BNB has maintained a bullish trend, some analysts have raised concerns about the sustainability of the recent rally. The token’s daily trading volume has decreased by nearly 19% to $1.9 billion. Historically, a sharp rise in price accompanied by a drop in trading volume can signal a waning interest among market participants, potentially indicating a weakening in the uptrend [3].

In contrast to BNB’s performance, other major cryptocurrencies such as Solana have faced similar challenges in sustaining their momentum. Solana’s price, which recently broke out of a rising wedge pattern, has encountered resistance at key levels. With futures open interest declining and on-chain capital outflows evident, some market participants are shifting their focus to emerging platforms like Layer Brett, which offer innovative utility and high-yield staking opportunities [3].

BNB’s current price action remains under close observation, particularly as it approaches key levels such as $861 and $838. If the price continues to hold above $861, it could signal a retest of the $900 threshold and potentially move toward $1,000. Conversely, a failure to maintain this support could lead to a pullback to the 50-day simple moving average at $779 [1]. The market’s ability to absorb this volatility will likely depend on broader investor sentiment and the continued expansion of BNB’s utility within the Binance ecosystem.

Source:

[1] Price Predictions 8-25: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK (https://cointelegraph.com/news/price-predictions-8-25-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-link)

[2] BNB Sets New All-Time High Above $880 (https://www.newsbtc.com/analysis/bnb/bnb-sets-new-all-time-high-above-880-heres-what-traders-should-watch-next/)

[3] Analysts Say Solana And BNB Rally Exhausted, But... (https://www.mitrade.com/insights/news/live-news/article-3-1065125-20250825)