BNB Surges 16% to $1,350 as ETF Hopes Fuel Rally

The BNB price surge represents one of the most significant recoveries in the cryptocurrency market this month, with the token climbing over 16% to trade above $1,350. This performance notably outpaced both Bitcoin and Ethereum, highlighting BNB’s unique position in the current market cycle. The rally comes after a sharp sell-off triggered by geopolitical tensions earlier this month, followed by an aggressive rebound that has caught the attention of both retail and institutional traders.

According to CoinGlass data, the market activity supporting this move has been substantial, with daily trading volume jumping 55% to $10.7 billion. More importantly, open interest rose 25%, indicating fresh leveraged positions are betting on continued upside momentum. From a technical standpoint, BNB’s breakout above the $1,236 resistance level has activated bullish momentum, with the Relative Strength Index hovering near 65 – showing strong but not overbought conditions. The MACD crossover and robust volume spikes point to further upside potential, with traders now eyeing a move toward the $1,450-$1,500 range, which would mark a new all-time high for the fourth-largest cryptocurrency by market capitalization.

Binance founder Changpeng Zhao (CZ) weighed in on the rally, providing crucial context about the underlying market dynamics. He emphasized that BNB’s recent strength comes from organic market demand rather than artificial liquidity support. “BNB has no market makers,” he stated, adding that the price recovery reflects the community’s belief, builder activity, and deflationary mechanisms that continue to burn tokens. This transparency about BNB’s market structure has reassured traders that the current rally is fundamentally driven rather than speculative.

CZ also praised BNB Chain ecosystem contributors such as Venus and Binance itself, noting that these entities “took hundreds of millions out of their own pockets to protect users” during the recent volatility. He described this move as a demonstration of “different value systems” within the Binance ecosystem. This combination of community support, deflationary tokenomics, and ecosystem utility continues to underpin long-term confidence in BNB, distinguishing it from many other cryptocurrencies that rely heavily on market-making operations.

With BNB currently trading above $1,350, the technical setup suggests a clear path toward higher price targets. A close above $1,349 – the October 7 high – could propel the token toward the $1,400-$1,452 range, with the next key psychological milestone at $1,500. The support zone between $1,192 and $1,220 remains firm, providing a cushion against short-term volatility and giving traders confidence that any pullbacks are likely to be contained.

While the momentum appears strong, analysts caution that profit-taking around the $1,350-$1,400 zone could lead to brief consolidation before the next leg higher. The combination of spot ETF approval optimism, institutional inflows, and whale accumulation has created a perfect storm for BNB’s outperformance. The token’s deflationary model, which continuously reduces supply through token burns, combined with sustained ecosystem utility across the BNB Chain, provides fundamental support for the current price action that extends beyond mere speculation.

The broader cryptocurrency market stabilization has certainly helped, but BNB’s sharper recovery indicates stronger conviction among its investor base. As the market watches for potential spot ETF developments and monitors institutional participation, BNB’s position as both an exchange token and a fundamental piece of blockchain infrastructure gives it unique characteristics that continue to attract both short-term traders and long-term believers in the Binance ecosystem.