BNB Hits $801 Amid Institutional Accumulation, Potential for Further Gains Explored

Key Points

1. BNB's price surged to $801, marking a 14% increase over the past week and a 4% gain in the last 24 hours, with its market capitalization exceeding $110 billion.

2. Daily trading volume for BNB rose by 42% to over $3.2 billion, and futures open interest increased by 19.16% to $1.23 billion.

3. Nano Labs Ltd acquired 120,000 BNB tokens worth approximately $90 million, signaling strong institutional confidence in BNB's long-term value.

4. Technical indicators show BNB is overbought with an RSI of 87.54, suggesting potential for a corrective phase, but it remains above its 20-day SMA of $704.

5. Analysts project BNB could reach $1,100 by November 2025 if current trends persist, with potential resistance levels at $850 and $900.