Karla Barker 
BNB Reaches New All-Time High
BNB price reached a new record high of $1,110.9 on October 3 during Asian trading hours. This marks a significant breakthrough past the previous all-time high of $1,076 set just two weeks earlier. As I write this, the token is trading around $1,100, which represents a 31% increase from last month’s low and more than double its lowest point this year.
The daily chart shows BNB has been in a strong upward trend since late June. It successfully crossed a crucial resistance level at $797.7, which was its previous peak from December 4. The technical setup looks quite promising, with the price moving above all key moving averages.
Technical Indicators Point to Bullish Momentum
What’s interesting is the formation of a golden cross pattern, where the 50-day simple moving average crossed above the 200-day one. Historically, this pattern has often preceded sustained rallies that can last for weeks or even months. The token has been trading within an ascending parallel channel pattern since the rally began earlier this year.
In technical analysis terms, this channel pattern typically indicates a sustained uptrend when an asset trades between two upward-sloping parallel trendlines. It suggests increasing gains as long as the price stays within the channel boundaries. A breakout above the upper trendline would serve as an even stronger bullish signal, often pointing to accelerated upside momentum.
Other indicators support this positive outlook. The MACD lines are pointing upward with growing green histograms, while the Aroon Up sits at 100% compared to Aroon Down at 50%. This setup shows buying pressure is significantly outperforming selling pressure.
Ecosystem Growth and Network Activity
Several factors are contributing to BNB’s strong performance. Recent upgrades to the BNB chain have boosted trader confidence, including a reduction in the minimum gas price to 0.05 Gwei. More upgrades are expected in the coming months.
Network activity has surged due to strong performances from BNB chain-based projects like Aster and PancakeSwap. This has led to increased investor confidence across the ecosystem. According to DeFiLlama data, the total value locked on the BNB chain has climbed 2.2% in the past 24 hours to $14.67 billion.
The stablecoin supply on the network has also increased from $11.5 billion to $13.46 billion over the past week. Active addresses have risen to 2.31 million, up 8% over the day, while revenue from network fees has surged to $4.41 million, with PancakeSwap contributing most of this.
Future Outlook and Catalysts
With October historically favoring upside moves for both Bitcoin and altcoins, BNB could continue its rally toward the $1,200 psychological resistance level. A breach of this ceiling might give bulls confidence to target even higher levels, potentially reaching $1,550 over the coming months based on extended Fibonacci retracement levels.
Investors are also pricing in the possibility of a spot BNB exchange-traded fund approval in the U.S., especially since the Securities and Exchange Commission has recently withdrawn delay notices for multiple ETF applications.
Additionally, BNB is seeing fresh demand as a treasury asset. China-based Jiuzi Holdings announced it would include BNB in its $1 billion crypto treasury plan. Kazakhstan’s state-backed Alem Crypto Fund, expected to launch in partnership with Binance, is reportedly planning to add BNB as the first asset in its portfolio.
Of course, nothing in crypto is guaranteed, and markets can turn quickly. But the current technical setup combined with these fundamental catalysts suggests the momentum might continue, at least in the near term. The combination of technical strength and growing ecosystem adoption creates a compelling case for BNB’s continued performance, though investors should always approach such moves with appropriate caution.