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BNB Sets Record Above $1,100 After Confirmed Breakout

The surge follows a confirmed iHnS breakout as market interest builds on improving on‑chain activity.

Overview

  • BNB set a record high near $1,110.9 on Oct. 3 after a daily close above $1,035 confirmed a breakout from a 10‑day consolidation.
  • Analysts highlight a bullish setup featuring a golden cross, an ascending channel, and firm momentum signals, with short‑term projections around $1,080 to $1,130.
  • Reported market capitalization has climbed past roughly $143 billion as trading volume approached $2 billion, indicating broadening participation.
  • Key levels flagged by traders include $1,025 as the near‑term invalidation, with deeper support zones discussed near $967 to $930 if a pullback unfolds.
  • Coverage cites catalysts such as BNB Chain’s lower minimum gas price, rising TVL and active addresses, optimism about a potential spot BNB ETF, and reported treasury allocations to BNB.