bullish

<h3 class="wp-block-heading" id="h-key-insights"><strong>Key Insights:</strong></h3>
<ul>
 <li>BNB price extends rally to new ATH as altcoins enjoy healthy demand.</li>
 <li>Binance coin may face downward pressure as price forms bearish Divergence.</li>
 <li>Analysts hint at a continuing BNB rally to $1,500 by the year-end.</li>
</ul>
<p>BNB price, also known as Binance coin by many, is in the spotlight courtesy of its latest bullish push into new uncharted territory. The Binance smart chain-native coin extended its September bullish momentum into the first week of November.</p>
<p>The last 24 hours were particularly exciting as BNB price pushed above $1,200 for the first time in history.</p>
<p>Binance Coin price pushed as high as $1,223 on Monday morning, kicking off the week with a new all-time high milestone.</p>
<div class="wp-block-image">
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  <img loading="lazy" width="755" height="417" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-154.png" alt="BNB Price Action | Source: TradingView">
  <figcaption>
   BNB Price Action | Source: TradingView
  </figcaption>
 </figure>
</div>
<p>The cryptocurrency’s impressive rally was backed by an aggressive dominance spike amid the ongoing liquidity rotation in favour of some top altcoins.</p>
<p>In other words, the Binance Coin has one of the altcoins currently benefiting the most from the proliferating altcoin season.</p>
<p><a href="https://www.thecoinrepublic.com/2025/09/18/bnb-price-breaks-1000-why-this-rally-could-still-have-30-more-to-run/" rel="noopener noreferrer nofollow">Binance Coin price action</a> recently adopted a parabolic curve, but how much further can it sustain its upside?</p>
<p>Some analysts believe that it has the potential to <a href="https://www.thecoinrepublic.com/2025/10/03/bnb-price-to-1500-binance-coin-now-more-valuable-than-spotify/" rel="noopener noreferrer nofollow">push above $1,500</a> before the end of the current bullish cycle.</p>
<p>However, pullbacks are to be expected along the way, and BNB price might be due for one in the coming days.</p>
<h2 class="wp-block-heading" id="h-bnb-price-rsi-divergence-signals-a-potential-profit-taking-ahead"><strong>BNB Price: RSI Divergence Signals a Potential Profit-Taking Ahead</strong></h2>
<p>BNB price pushed into new highs, but its RSI has been forming lower highs. This outcome is often indicative of trend exhaustion and could be a sign that investors might soon start securing profits.</p>
<p>The potential for such an outcome also coincided with dominance-based observation. The rising BNB dominance also retested a historically significant zone just above 4% where it pivoted on multiple occasions in the past.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="752" height="422" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-155.png" alt="Binance Coin Dominance | Source: TradingView">
  <figcaption>
   Binance Coin Dominance | Source: TradingView
  </figcaption>
 </figure>
</div>
<p>Although a resistance level underpinned the 4% resistance, a break above the same level was also possible.</p>
<p>Binance Coin dominance previously blew past the same level during the 2021 Bull Run. It also rallied above 6% at its dominance peak in November 2022.</p>
<p>On-chain data revealed that a bearish bias might be forming around BNB price action, especially after its recent bullish foray.</p>
<p>According to Coinglass <a href="https://www.coinglass.com/currencies/BNB" target="_blank" rel="noopener noreferrer nofollow">data</a>, BNB had roughly $7.49 million worth of spot outflows in the last 24 hours on Binance. OKX had about $1.23 million in spot inflows during the same period.</p>
<p>However, derivatives data revealed that whales executed over $558 million worth of net put positions during the last 24 hours across OKX and Binance futures.</p>
<h2 class="wp-block-heading" id="h-bnb-chain-performance-recap"><strong>BNB Chain Performance Recap</strong></h2>
<p>The recent rally in BNB price also reflected healthy network activity over the last few weeks. For reference, its TVL bounced from below $6 billion in June but has since surged past the $8.8 billion mark.</p>
<p>However, the TVL figure was still heavily discounted from its historic top of over $20 billion achieved in May 2021.</p>
<p>The network maintained healthy weekly DEX volume above $25 billion between 29 September and 5 October.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="752" height="367" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-156.png" alt="BSC TVL and DEX Volume | Source: DeFiLlama">
  <figcaption>
   BSC TVL and DEX Volume | Source: DeFiLlama
  </figcaption>
 </figure>
</div>
<p>The impressive DEX volume was slightly lower compared to the previous week but it still demonstrated strength.</p>
<p>Active addresses last week amounted to 15.69 million, which cooled down by almost 4 million addresses from the previous week.</p>
<p>The cooling address activity could potentially signal declining hype. Speaking of cooling down, the BNB network recorded $117.86 million worth of net inflows between 29 September and 5 October.</p>
<p>This was significantly lower than the $426.17 million worth of net inflows achieved in the previous week.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full">
  <img loading="lazy" width="755" height="371" src="https://www.thecoinrepublic.com/wp-content/uploads/2025/10/image-157.png" alt="BNB Net Inflows | Source: DeFiLlama">
  <figcaption>
   BNB Net Inflows | Source: DeFiLlama
  </figcaption>
 </figure>
</div>
<p>On the derivatives side, BNB futures open interest surged as high as $2.54 billion on 4 October. This also marked a new ATH, but it also highlighted growing interest, which could underscore liquidation risks.</p>
<p>Although some of the above observations highlighted the possibility of a cool-down in the latest momentum of BNB price, the market’s mood will determine the outcome.</p>
<p>In other words, Binance Coin price could extend the rally, taking out some of the short positions along the way.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/10/06/bnb-price-soars-to-new-historic-top-above-1200-is-1500-the-next-target/" rel="noopener noreferrer nofollow">BNB Price Soars To New Historic Top Above $1,200, Is $1,500 the Next Target?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

BNB Price Soars To New Historic Top Above $1,200, Is $1,500 the Next Target?

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