BNB Price Prediction: Aster Delisting News Could Spark Pullback to $1,150

BNB Coin (BNB) made a new all-time high today after surpassing the $1,300 level as altcoin season rages on.

The native token of the Binance Smart Chain is now the top-performing crypto in the top 5 with year-to-date (YTD) gains of 83% amid the positive momentum that its entire ecosystem is experiencing.

Trading volumes in the past 24 hours have skyrocketed by 87% upon hitting this key psychological level. The price has already retreated from an all-time high of $1,336, to be precise, as the selling pressure increased.

BNB Daily Liquidations (Last 6 Months) – Source: CoinGlass

Nearly $18 million worth of BNB long positions were wiped out yesterday. This has been the largest single-day short squeeze of the past 6 months for this token.

Meanwhile, over $430 million worth of long positions have been flushed out in the past 24 hours as the market seems ready for a breather.

DeFi Llama Delists Aster Amid “Wash Trading” Allegations

One particular catalyst that could set off BNB’s next retreat is DeFi Llama’s decision to delist Aster amid allegations that the protocol has been copying data from Binance Futures and using it as its own.

0xngmi Official X Account – Source: X.com

The founder of the popular on-chain analytics website, the pseudonymous X user 0xngmi, commented that his team had been investigating and scrutinizing Aster’s numbers for a while and found evidence of “wash trading.”

This is a method used by DEXs to inflate their numbers by executing a series of instant buy and sell transactions to artificially boost trading volume figures.

Although these findings have not been fully confirmed by other independent researchers, Aster’s delisting of DeFi Llama could prompt early buyers to be the first out the door before panic spreads.

It is worth noting that Aster’s rising popularity could have been one of the reasons why BNB coin has been rallying so strongly. Trading volumes within this perpetual futures trading platform eventually surpassed those of Hyperliquid on a 24-hour basis.

DeFi Llama argued that granular data concerning who is behind every buy and sell trade on Aster is not currently accessible, which makes it difficult for the website to confirm if these suspicions are accurate or not.

In any case, BNB buyers have not (yet) been deterred by the news, but we do see some strong selling taking place during the session that calls for a certain degree of caution if you were among the lucky few who booked some of the token’s latest gains.

Mild Pullback Expected for BNB Before the Next Leg Up

We are proud to say that we hit our $1,300 target for BNB Coin, shared in a recent price prediction article.

BNB/USD Daily Chart (Binance) – Source: TradingView

Looking at the daily chart, we can see a big upper wick already for BNB during today’s session, meaning that sellers have been dumping the token frantically.

Trading volumes confirm this view, and this could lead to a pullback to the $1,175 area first, or worse if the selling spree gains traction. The next support to watch if that happens would be the $1,000 level, but that’s a bit too dramatic for now.

In any case, a long-term target for BNB Coin at this point would be the $2,000 psychological threshold if the rally continues. A weaker dollar, lower interest rates, a crypto-friendly White House, and growing institutional adoption could create the perfect environment to get there.