BNB Hits New Highs Without Peak Usage: What’s Next?

BNB has reached a new record price, trading near $1,200 with a daily trading volume of over $3 ￰0￱ token rose 3% in the last 24 hours and 20% over the past week, extending a strong upward ￰1￱ observers note that price momentum is outpacing network activity, suggesting further room for growth if usage ￰2￱ Growth Outpaces Network Activity Bull Theory noted that BNB has grown from $0.50 at launch to over $1,192, delivering a +238,300% return with an average annual increase of around 167%. Despite setting a new price high, network activity on BNB Chain remains below its previous peak levels.), a $13.46 billion stablecoin market cap, and $4.39 billion in daily decentralized exchange (DEX) ￰3￱ addresses reached 2.32 million, with 18.79 million transactions in 24 ￰4￱ Theory commented, “BNB is reaching new highs in price before the chain activity fully recovers.” Consequently, this indicates that confidence and liquidity are leading the move rather than direct on-chain ￰5￱ BNB Chain activity expands to match the token’s market strength, network fundamentals could support continued price ￰6￱ Theory summed up the current setup, saying, “BNB just set a new ￰7￱ BNB Chain still has room to grow in usage and capital.” Technical Indicators Show Strong Momentum According to Mags, BNB recently broke out of a long consolidation phase between $640 and $660.

That range acted as a base for the current ￰8￱ next resistance area is around $1,513, while $639 and $662 are now viewed as support. Notably, technical readings support the ongoing ￰9￱ MACD line is slightly above the signal line, showing sustained buying ￰10￱ RSI is at 74, above the 70 level, which signals strength but also suggests the market could cool off in the short term.