BNB Hits Record Highs, Heading to $1,000 by August

BNB (BNB) surged to a new all-time high of $861 on July 28, gaining over 45% month-to-date. The rally appears far from over, with both technical and fundamental indicators aligning for a continued move higher, potentially toward $1,000 as early as August.

Ascending Channel Points to Another 18-20% Gains

BNB’s bull run has been a part of its consolidation inside an ascending channel pattern since late 2023.

The cryptocurrency is now heading toward the channel’s upper trendline near $1,006, which coincides with the 1.618 Fibonacci extension level drawn from its 2021–2022 correction range.

Momentum indicators support the move. The weekly relative strength index (RSI) has entered the overbought zone near 72, a level last seen during previous parabolic rallies.

While this typically suggests consolidation risks, sustained rallies during strong trends often override RSI warnings — particularly if price holds above the $700 breakout level, now serving as key support.

Institutional Demand Adds Fuel to BNB’s Rally

Institutional demand has emerged as a key catalyst behind BNB’s parabolic rally to record highs.

Recent disclosures reveal that companies like Windtree Therapeutics and Nano Labs are allocating hundreds of millions of dollars into BNB for their corporate treasuries.

In a bold signal of long-term conviction, Nano Labs has announced plans to hold up to 10% of BNB’s total circulating supply, making it one of the most aggressive institutional buyers in the market to date.

These are not isolated moves. Analysts emphasize that such treasury strategies indicate meaningful capital rotation into BNB spot markets, a trend historically limited to Bitcoin and, more recently, Ethereum.

Such a shift suggests BNB is maturing into a treasury-grade digital asset, appealing to companies seeking both exposure to crypto and integration with a fast-growing smart contract ecosystem.

This wave of institutional capital comes alongside rising open interest in BNB futures and options markets, further reinforcing long-term confidence.