- BNB confirmed a bullish flag breakout, targeting $1,236 with potential extension toward $1,500.
- Institutional adoption and treasury strategies boosted BNB demand, strengthening its long-term growth outlook.
- BNB Chain activity surged with $8.23B locked value and 73.24M active addresses supporting momentum.
BNB is continuing its strong rally after breaking out from a bullish flag formation. The breakout confirmed upward continuation, positioning the token toward $1,200 and marking a potential new all-time high. At the time of writing, BNB was trading at $1,145.99, reflecting steady growth and rising market participation.
Bullish Flag Breakout and Price Structure
BNB on the 4-hour chart displayed a bullish pennant, followed by consolidation that developed into a bullish flag pattern. Price advanced from $960 to $1,120 before extending higher, confirming a projected target of around $1,236, which represents a 22.46% move.
According to analysis prepared by Henry, BNB has maintained higher lows within a rising channel since mid-August. Strong buying pressure supported this structure, keeping momentum intact during recent trading sessions. Market data also showed a surge in volume following the breakout, reflecting continued accumulation.
Analyst NekoZ described BNB’s chart as a “masterclass in trend continuation,” pointing to three major breakouts since July. Each breakout was followed by expansion, with the current cycle aiming toward $1,500 as traders eye higher resistance levels.
Institutional Demand and Network Expansion
Institutional activity has been a driving factor for BNB’s growth. Kazakhstan’s Alem Crypto Fund recently selected BNB as its primary reserve asset. Nasdaq-listed Windtree Therapeutics allocated most of its recent raise into BNB, while other companies confirmed treasury strategies centered around the token.
Network growth also added support. According to data from DefiLlama, BNB Chain’s total locked value rose 2.5% in the last 24 hours to $8.23 billion. Active addresses reached 73.24 million, while transaction volumes recorded 4.34 million in September, marking the second-highest monthly activity.
As reported, cycle top discussions continue, with traders referencing Binance CEO Changpeng Zhao’s remark, “buy the dip.” The current rally now places BNB within reach of $1,200, with longer-term projections extending toward $2,000 if momentum continues.
