{"id":12462,"date":"2025-10-03T08:00:10","date_gmt":"2025-10-03T08:00:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bnb-price-hits-new-all-time-high-at-1110-9-bullish-technicals-suggest-more-gains-ahead\/"},"modified":"2025-10-03T08:00:19","modified_gmt":"2025-10-03T08:00:19","slug":"bnb-price-hits-new-all-time-high-at-1110-9-bullish-technicals-suggest-more-gains-ahead","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bnb-price-hits-new-all-time-high-at-1110-9-bullish-technicals-suggest-more-gains-ahead\/","title":{"rendered":"BNB price hits new all-time high at $1,110.9, bullish technicals suggest more gains ahead"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BNB price managed to break through the $1,100 threshold as its ecosystem continues to grow. A bullish continuation pattern formed on its chart points to more gains ahead this Uptober.<\/p>\n<div id=\"cn-block-summary-block_bc0417818ac3a10429e6971c3a8564ca\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BNB price hit a new all-time high of $1,110.9 on Friday.<\/li>\n<li>The token has been trading within an ascending parallel channel that hints at further upside over this month.<\/li>\n<li>Several ecosystem-specific developments can support the bullish narrative.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, BNB (BNB) hit a new all-time high of $1,110.9 on Oct. 3 morning Asian time, as bulls managed to break past its previous record at $1,076 reached just two weeks earlier. Trading at $1,100 when writing, it lies 31% higher than last month\u2019s low and 107% above its lowest point this year.<\/p>\n<p>The daily chart shows that BNB has been in a strong bull run since late June this year. It has crossed a crucial resistance level at $797.7, its height level on Dec. 4.<\/p>\n<p>It has moved above all of its key moving averages, with the 50-day SMA crossing above the 200-day one, forming a bullish golden cross pattern that has historically preceded strong rallies for weeks or months.<\/p>\n<p>Furthermore, ever since it started rallying earlier this year, it has been trading within an ascending parallel channel pattern.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BNB price trades within a bullish continuation pattern on the daily chart \u2014 Oct. 3 | Source: crypto.news<\/figcaption><\/figure>\n<p>In technical analysis, this pattern forms when an asset trades between two upward-sloping parallel trendlines and typically points to a sustained uptrend and suggests increasing gains as long as the price remains within the channel. A breakout above the upper trendline serves as an even stronger bullish signal, often pointing to accelerated upside momentum.<\/p>\n<p>The MACD lines have also pointed upwards with growing green histograms, while the Aroon Up lies at 100% while the Aroon Down lies at 50%, a setup that shows buying pressure is significantly\ufeff outperforming the selling pressure.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/10\/1759478409_73_BNB-price-hits-new-all-time-high-at-11109-bullish-technicals.png\" alt=\"BNB Aroon chart.\" class=\"wp-image-14421703\"><figcaption class=\"wp-element-caption\">BNB Aroon chart \u2014 Oct. 3 | Source: crypto.news<\/figcaption><\/figure>\n<p>Therefore, with October already shaping up as a risk-on month, consistent with its track record of favoring upside for both Bitcoin and altcoins, BNB would likely continue its rally toward the $1,200 psychological resistance level.\u00a0<\/p>\n<p>A breach of this ceiling could instill confidence in bulls to target higher, potentially as high as $1,550 over the coming months, a level derived from the extended Fibonacci retracement. This target lies 41% above its price at press time.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">Bullish catalysts to support BNB price<\/h1>\n<p>A number of catalysts currently in play could continue to support BNB price gains over this month.<\/p>\n<p>First, BNB traders are bullish because of recent upgrades to the BNB chain. Most recently, the BNB chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/BNBCHAIN\/status\/1973334261513031828\" target=\"_blank\" rel=\"nofollow\">reduced<\/a> its minimum gas price to 0.05 Gwei. Several other upgrades are also expected to come in the following months.<\/p>\n<p>Second, BNB chain network activity has surged due to strong performances recorded by BNB chain-based projects such as Aster and PancakeSwap over the past few weeks.\u00a0<\/p>\n<p>This has led to a noticeable uptick in investor confidence across the ecosystem. The total value locked on the BNB chain has climbed 2.2% in the past 24 hours to $14.67 billion, according to DeFiLlama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/bsc?chainFees=false&amp;chainRevenue=true\" target=\"_blank\" rel=\"nofollow\">data<\/a>, while the stablecoin supply on the network has also increased from $11.5 billion to $13.46 billion over the past week.\u00a0<\/p>\n<p>At the same time, total active addresses on the network have also increased to 2.31 million, up 8% over the day, while revenue generated from network fees has surged to $4.41 million, with most of it coming from PancakeSwap.<\/p>\n<p>Investors are also pricing a near-certain chance of the approval of a spot BNB exchange-traded fund in the U.S., in light of the fact that the Securities and Exchange Commission has recently withdrawn delay notices for multiple ETF applications.<\/p>\n<p>Lastly, BNB is also witnessing fresh demand as a treasury asset with some of the recent entrants being China-based Jiuzi Holdings, which said it would include BNB in its $1 billion crypto treasury plan. Kazakhstan\u2019s state-backed Alem Crypto Fund, which is expected to launch in partnership with Binance, is also reportedly planning to add BNB as the first asset in its portfolio.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price managed to break through the $1,100 threshold as its ecosystem continues to grow. A bullish continuation pattern formed on its chart points to more gains ahead this Uptober.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12462"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12462\/revisions"}],"predecessor-version":[{"id":12464,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12462\/revisions\/12464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12463"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}