- BitBull confirms BNB’s breakout isn’t just technical, citing strong fundamentals like rising daily transactions and a sustained success rate.
- BNB saw $11B in stablecoin inflows and $190B in monthly DEX volume, signaling unmatched on-chain strength supporting the breakout.
- If BNB holds above $800, BitBull sees $960–$1,000 next, with $1,260+ possible as a late-cycle expansion price target.
BNB just printed a new all-time high, but unlike past rallies, this one appears backed by solid fundamentals. On-chain data reveals explosive growth across multiple metrics, signaling that this may not be a false breakout. If BNB holds above $800, analysts expect even higher price targets in the coming weeks.
A Historic Breakout or Just Another Fakeout?
BNB recently climbed to $792.41, up 4.71% in the last 24 hours. Over the past 7 days, it gained 14.41%. While this price move alone is impressive, what truly matters now is the context behind it. Historically, the $800 level has rejected every rally over the last three years. However, this time feels different.
According to crypto analyst BitBull, BNB’s current breakout is not just technical. He points out that the network’s fundamentals have drastically improved. Daily transactions skyrocketed from 4 million to over 14 million. This signals increased activity and utility.
Key Metrics Show Unprecedented Strength
Besides the spike in transactions, decentralized exchange (DEX) volume on BNB Chain touched $190 billion in a single month. That figure alone reflects surging demand.In addition to it, recently, the inflows of stable coins exceeded the mark of more than 11 billion, which contributed more fuel to the rally.
Additionally, BNB Chain boasts a consistently high transaction success rate. This showcases reliability, which often attracts developers and long-term users. Hence, the breakout is not speculative—it’s driven by real growth on the network.
BitBull emphasizes that if BNB holds above $800, a move toward the $960–$1,000 range becomes likely. He also identifies $723–$804 as the ideal “add zone” if a clean retest happens.
What Comes Next for BNB?
Momentum could push BNB into a late-cycle expansion phase. If that happens, BitBull believes a $1,260+ target is possible. However, the market must confirm this breakout with sustained volume and demand.
Consequently, BNB’s price action now hinges on support above the $800 mark. Should bulls maintain this level, the crypto could enter price discovery mode.
In conclusion, this isn’t just another pump. It’s a breakout built on high on-chain activity, rising DEX volumes, and strong inflows. As BNB defies history, the crypto world watches closely.
