BNB price remains around $1,000, and the bull market is expected to break through again
Source: CoinWorld
Time: 2025-09-20 19:38:17
BNB price hovers around $999.95, slightly below its all-time high of $1,005.29, up 6.21% over the past week. The token’s rise was driven by institutional buys, including Nano Labs’ purchase of $90 million in Treasury bills and allocating $50 million to Apollo’s tokenized credit funds on the BNB chain, reducing circulation supply. The Fed's recent 25 basis points cut rate has also boosted the cryptocurrency market. Technical indicators show bullish momentum, with the MACD indicator at +8.38, but the RSI indicator is close to 70, suggesting that there may be consolidation in the short term. Key resistance is at $1,052.23 and support is near $951.59.