As of September 17, BNB was trading around $950, up 3% in the past 24 hours after briefly touching $962, its highest level ever. This surge pushed BNB’s market capitalization above $132 billion, surpassing UBS Group and ranking as the 165th largest global asset, while also reclaiming the top 5 spot by market cap, overtaking Solana.
Market activity has also spiked, with daily trading volume hitting $2.17 billion, up 65.6% from the previous day. In the derivatives market, CoinGlass data showed a nearly 90% increase in volume to $2.29 billion, alongside an 8.26% rise in open interest, reflecting higher leverage and stronger positioning among traders.
Regulatory Clarity and Institutional Backing Drive Momentum
BNB’s rally gained momentum on September 16 following reports that Binance is close to reaching a settlement with the U.S. Department of Justice. The prospect of resolving the long-standing investigation eased legal concerns and fueled optimism over the possible return of founder Changpeng Zhao.
Earlier, on September 10, Binance announced a partnership with Franklin Templeton, one of the world’s largest asset managers, to expand tokenized real-world asset (RWA) markets on BNB Chain. The move underscores BNB’s growing role in the rapidly expanding RWA sector, which analysts predict could reach $10 trillion in the coming years.
Meanwhile, on-chain activity continues to surge:
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Daily transactions are holding between 10–14 million;
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Daily active addresses have doubled since April;
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The network now supports over 5,800 decentralized applications (dApps);
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Total value locked (TVL) has climbed to $7.6 billion;
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Weekly DEX trading volume hit $16 billion, according to DefiLlama.
Market analyst Saint Pump wrote on X on September 16 that BNB is currently the “best looking highcap,” forecasting a potential push toward $1,000 before a broader market correction. He emphasized that rising open interest alongside cooling funding rates provides room for further upside.
Technical Outlook for BNB
Technical indicators continue to favor the bulls:
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BNB is holding above $920 support while trading in the upper Bollinger Band range.
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RSI is approaching 70, signaling strong momentum but nearing overbought territory.
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Both the 10-day EMA ($920) and the 200-day SMA ($693) are flashing buy signals.
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MACD remains in bullish territory, though oscillators like CCI and Williams %R point to short-term exhaustion.
If bullish momentum holds, the next major resistance lies near the psychological $1,000 level, which could trigger profit-taking. However, a rejection may see BNB retest support at $920 and potentially $880.
