- Binance Coin (BNB) is showing strong bullish momentum, supported by technical breakouts and the upcoming Maxwell Hardfork aimed at boosting chain efficiency.
- Analysts predict a potential new all-time high, with price targets around $940–$950 if current trends continue.
Binance coin is attracting significant attention from market watchers and pundits alike. Notably, both fundamental and technical indicators are aligning in favor of a potential new all-time high.
It goes without saying that traders are watching BNB’s strong chart structure, growing network activity, and upcoming upgrades as catalysts for further price gains in the weeks to come.
From a fundamental standpoint, the BNB Chain team continues to demonstrate consistent development progress. The much-anticipated Maxwell Hardfork is slated for testnet release on May 26th. This upgrade is seen as a major technical improvement that could boost network throughput and scalability.
Additionally, BNB’s ongoing auto-burn mechanism, designed to reduce the total supply of BNB to 100 million by 2028, continues to exert deflationary pressure on the token. This mechanism, which automatically reduces supply over time, has long been a cornerstone of BNB’s value proposition and could amplify upward momentum if demand remains steady or increases.
However, beyond the fundamentals, it’s the technical charts that are really capturing the attention of market participants right now.
BNB Technical Analysis
Popular crypto analyst Alex Clay recently shared a bullish BNB chart, highlighting a breakout above its previous ATH. According to Clay, the current price action resembles a re-accumulation phase, where investors are loading up on the token before the next significant leg up.
What a strong chart!
More than a year of Re-Accumulating along All Time High
$BNB is going to push higher into the price discovery
#BinanceCoin pic.twitter.com/xt1pFZq0LF
— Alex Clay (@cryptclay) May 21, 2025
On the weekly chart, BNB appears to be breaking out from a rare diamond-shaped pattern. While these formations, often called Diamond Tops, don’t have the highest accuracy compared to more common patterns like rectangles, the clean breakout signals strong bullish intent. The recent push upward out of this structure adds weight to the case for continued momentum.
Shifting to the daily timeframe, BNB has printed a higher high and a higher low, effectively breaking the prior downtrend market structure. The price also managed to reclaim and retest the 200-day moving average (MA200), a classic bullish indicator.
Traders often view a successful retest of this level as confirmation of strength. A suggested stop-loss for long positions sits just below this moving average, around $630.
Finally, on the 4-hour chart, a new bullish wave has emerged, with BNB moving in tandem with Bitcoin’s upward trajectory. If Bitcoin manages to reach a new ATH in the coming weeks, analysts believe BNB could follow suit. Key price targets range between $940 to $950, which would mark a significant milestone for the asset.
With a solid footing of on-chain improvements, deflationary supply mechanics, and strong technical structures, BNB is building a compelling case for a breakout.
The post BNB Shows Bullish Momentum: Analysts Predict New ATH Soon appeared first on ETHNews.
