BNB Price Forecast: BNB Bounces Off $870 – Can It Make it Back to $1,000?

BNB (BNB) is the second top-performing token in the past 30 days among the top 5 cryptos, with gains of 4.7%.

The token has bounced off a key support at $870, although it has encountered significant selling pressure at $900 shortly afterward amid rising geopolitical tensions.

Transaction Volumes Rise for Three Weeks in a Row

Data from Artemis shows that trading volumes have gone up for three weeks in a row, reflecting growing buying pressure.

BNB Volumes and Network Transactions – Source: Artemis

That said, volumes still stand at relatively low levels compared to historical trends. At $12 billion, they sit 25% below the initial levels seen back when BNB started to climb to its recent all-time high of $1,360.

Hence, we still need to see volumes picking up their pace to much higher levels before we can confirm the relevance of this latest support bounce.

Moreover, transaction volumes within the BNB Chain have followed a similar trend, as they have been rising for three consecutive weeks.

Although they are still sitting 31% below their recent peak, they are sitting at higher levels compared to September 2025, back when BNB’s uptrend started.

These metrics provide early evidence that network usage and traders’ interest in BNB are recovering. Ideally, the token must break a couple of key resistances to confirm a bullish outlook.

Trump’s Greenland “Deal” Helps BNB Bounce Off $870

Looking at the 4-hour chart, we can see that the $870 area acted as a strong bouncing pad yesterday as President Donald Trump scaled down his threat to European countries regarding his bid for Greenland.

BNB/USD 4H Chart (Binance) – Source: TradingView

During a speech at the World Economic Forum in Davos, he commented that the U.S. had reached some sort of “deal” with Denmark, although he did not provide any specifics.

“Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1,” Trump said.

The market recovered shortly afterward. The move coincided with a move out of a heavily oversold Relative Strength Index (RSI) in this lower time frame, which could potentially set the stage for a recovery.

Why was there no signal in the 4-hour chart? The system had picked up a sell signal just moments before Trump’s comments. Hence, the move was ignored as the algorithm was still in “cooldown” mode.

Hourly Chart Does Say “Buy”

Moving to the hourly chart, we can see that a buy signal showed up in this time frame after Trump’s remarks. However, the token encountered strong selling pressure once again at $900, confirming that sellers are still in control.

BNB/USD 1H Chart (Binance) – Source: TradingView

This long signal is still in play, as the price managed to stay above the $870 support. As long as that demand zone holds, BNB’s outlook remains bullish for what remains of the week.

Both trading volumes and network usage seem to be picking up, while Trump’s decision to back down from this tariff increase could help improve sentiment in the near term.

The nearest target at this point for BNB would be $920 first and then $950 if bullish momentum gains enough traction, meaning a 7.2% upside potential.