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The BNB price plunged 3% in the past 24 hours to trade at $1,033 as of 1:02 a.m. EST after hitting an all-time high (ATH) of $1,079 yesterday.
Still, Binance founder Changpeng Zhao, aka CZ, said on X that “Maybe we haven’t hit real bull market yet” after BNB climbed more than 10% during the weekend.
or maybe we haven’t hit real bull market yet? 😆
— CZ 🔶 BNB (@cz_binance) September 21, 2025
Analyst Rain on X said that BNB could still soar to higher highs, pushed by unstoppable demand.
BNB is showing real strength.
Steady climb, higher highs, unstoppable demand. $BNB ripped from $500 to $1K+ in just months. September marked a historic month for BNB, hitting new all time highs.
Looking ahead, I’m still bullish.
New ATHs are on the horizon.… pic.twitter.com/dbXiiQAdyj
— Rain (@raintures) September 21, 2025
Meanwhile, the Binance ecosystem’s market capitalization climbed 1% in the last 24 hours to reach $8 billion, with trading volume also surging to $8 billion amid a meme coin frenzy on the BNB Chain.
After CZ’s GiggleAcademy received 90% of donations from a meme coin, CZ said, “This will forever change my perception of meme coins. Meme coins have utility!”
BNB Price Breaks Into Fifth Wave Rally As Bulls Eye Resistance
The BNB price has been on a remarkable bullish run throughout the past few months, with the chart now clearly forming an Elliott Wave pattern that suggests it is in the fifth and final impulse wave.
After consolidating through the first half of the year, the Binance Coin broke above its major moving averages and has surged into a strong uptrend. The Fibonacci retracement levels show key support zones, with the 0.5 level around $861 and the 0.618 level at $809 serving as critical levels in case of a pullback.
Currently, the price of BNB hovers around $1,033 after reaching a local high near $1,079, showing signs of cooling off while still in bullish territory.
The dramatic surge has consistently placed the price of the Binance Coin above both the 50-day and 200-day Simple Moving Averages (SMAs).
Binance Coin Indicators Signal Overheating: Can Bulls Sustain The Push?
The Relative Strength Index (RSI) is showing an overbought signal at 74.55, suggesting that BNB is heavily stretched to the upside and vulnerable to a short-term correction.
Similarly, the Moving Average Convergence Divergence (MACD) remains in bullish territory, with the blue MACD line above the signal line, confirming momentum is still with the bulls.
BNB faces immediate resistance around $1,079, where the fifth wave appears to be topping out. A failure to break decisively above this level could trigger a corrective phase, with possible retracements toward $977 (Fib 0.236) or $913 (Fib 0.382).
The Chaikin Money Flow (CMF) remains positive at 0.09, showing that capital inflows are still supporting the trend.
If this bullish momentum extends, the Binance Coin price may push beyond $1,100 before encountering stronger selling pressure.
According to data from CFGI, the BNB Fear and Greed Index is currently at 81, showing ”extreme greed.”
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